Delta Tech Corporation$$s common shares are currently selling on a stock exchange at $$54\mathrm{.}00$ per share, and a recent balance sheet shows the following information:

Delta Tech Corporation

Equity Section of Balance Sheet

April $30,2023$

Contributed capital:

Preferred shares, $$3\mathrm{.}00$ cumulative, $3,000$ shares authorized, issued and outstanding $ $210,000$

Common shares, $12,500$ shares authorized, issued, and outstanding $150,000$

Total contributed capital $ $360,000$

Retained earnings $625,000$

Total equity $ $985,000$

Required:

Preparation Component:

$1.$ What is the market value of the corporation$$s common shares?

$2.$ How much capital was contributed by the residual owners of the company?

$3.$ If no dividends are in arrears, what are the book values per share of the preferred shares and the common shares?

$4.$ If two years$$ preferred dividends are in arrears, what are the book values per share of the preferred shares and the common shares? $($Round the final answers to $2$ decimal places.$)$

$5-$a$.$ If two years$$ preferred dividends are in arrears and the board of directors declares dividends of $$30,125,$ what total amount will be paid to preferred and common shareholders?

$5-$b$.$ What is the amount of dividends per share for the common shares? $($Round the final answer to $3$ decimal places.$)$