Current Attempt in Progress At December 31, Swifty Corporation has total stockholders' equity of $3,080,000. Included in this total are preferred stock $468,000 and paid-in capital in excess of par-preferred stock $49,800. There are 10,100 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 220,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, e.g. 15.25.) (a) There are no preferred dividends in arrears, and the preferred stock does not have a call price. (b) Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share. Book value per share (a) (b)