Exercise 14-18 a-b A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock $2,828. All dollar data are in millions.) The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31. Your answer is correct. Prepare the stockholders' equity section of the current year, including disclosure of all relevant data. (Enter amounts in millions. Enter the account name only and do not provide the descriptive information provided in the question.) ALUMINUM COMPANY OF AMERICA Balance Sheet (Partial) December 31 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 925 Preferred Stock DOO 56 Total Capital Stock 981 Total Capital SLOCK Additional Paid-in Capital 6101 Total Paid-in Capital 7082 Retained Earnings 7428 T Total Paid-in Capital and Retained Earnings 14510 Less Treasury Stock 2828 Total Stockholders' Equity 11682 LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Compute the book value per share of common stock, assuming there are no preferred dividends in arrears. (Round the answer to 2 decimal places, e.g. 15.25.) Book value per share 6.50 Click if you would like to Show Work for this question: Open Show Work