IMA Believer Corp's balance sheet reported the following shareholders' equity as of December 31, 2016 Beginning of the End of the Yem Year Current assets 562,000 382,000 Current liabilities 35,000 25,000 300,000 Plint and equipment 350,000 Long-term liabilities 50,000 75,000 225,000 Common shareholders equity 125,000 Preferred Shareholders equity 60,000 85,000 Share Capital Preferred shares, 5100 stated value $5 cumulative, 10,000 shares suthorized $1,000,000 10,000 issued Common shares 200,000 shares authorized, 50,000 shares issued 1,500,000 Total thare Capital $2,500,000 Retained emings 500,000 Total shareholder equity 55,000,000 1. Airming there are 3 years dividends in areas (including that of the current year), determine (1) preferred equity and (2) book value per share of common shares