Diamond Inc. has the following shareholders' equity. E (Click the icon to view the data.) Diamond Inc. has not declared preferred dividends for five years (including the current year). Compute the book value per share of Diamond Inc.'s common shares. Round your answer to two decimal places. To compute the book value per share of Diamond's common shares, start with the following table. (Use parentheses or a minus sign for numbers to be subtracted.) Preferred Equity Shareholders' equity Shareholders' equity allocated to preferred Common Equity 32,000 Preferred shares, $0.01, cumulative, liquidation value $0.70 80,000 shares authorized, 75,000 shares issued and outstanding $ Common shares, 1,100,000 shares authorized and issued and outstanding Common equity 165,000 130,000 Retained earnings $ 327,000 Total shareholders' equity Print Done