Contributed capital: Western Grass Inc. Equity Section of Balance Sheet December 31, 2020 Preferred shares, $2 cumulative, 5,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 60,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 25,000 312,000 $337,000 586,000 $923,000 Required: Using the information provided, calculate book value per common share assuming. (Rou answers to 2 decimal places.) There are no dividends in arrears