Gamet Inc. has the following shareholders' equity. (Click the icon to view the data.) Gamet Inc. has not declared preferred dividends for five years (including the current year). Compute the book value per share of Gamet Inc.'s common shares. Round your answer to two decimal places. To compute the book value per share of Garnet's common shares, start with the following table. (Use parentheses or a minus sign for numbers to be subtracted.) Preferred Equity Shareholders' equity allocated to preferred Common Equity Common equily are i Shareholders' equity X pre 28,000 Preferred shares, $0.05, cumulative, liquidation value $0.80 60,000 shares authorized, 55,000 shares issued and outstanding $ Common shares, 1,500,000 shares authorized and issued and outstanding 375,000 145,000 Retained earnings Total shareholders' equity $ 548,000 Print Done