Exercise 15-24 Buffalo Inc, began operations in January 2018 and reported the following rests for each of its 3 years of operations 2018 $274.000 net loss 2019 $44.000 net loss 2020 5880.000 net income At December 31, 2020, Buffalo Inc. capital accounts were as follows 8% cumulative preferred stock par value $100 authorized issued and outstanding 5.100 shares 5510,000 Common stock, par value $1.00, authorized 1.000.000 shares. issued and outstanding 702,000 shares 5702.000 Buffalo Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Buffalo began operations. The state law permits dividends only from retained earnings (A) Compute the book value of the common stock at December 31, 2020. (Round answers to deal aces, 38.50) Book Value per share (1) Compute the book value of the common stock at December 31, 2020, assuming that the preferred stock has a liquidating value of $105 per share. (Round answers to 2 decimal places.ee Book value per share Click if you would like to Show Work for this question: Den Stow w