Marigold Inc. began operations in January $2018$ and reported the following results for each of its $3$ years of operations.

$2018,$$$283,000$ net loss $,2019,$$$36,000$ net loss $,2020,$$$746,000$ net income

At December $31,2020,$ Marigold Inc. capital accounts were as follows.

$9\%$ cumulative preferred stock, par value $$100$; authorized, issued,

and outstanding $5,300$ shares

$$530,000$

Common stock, par value $$1\mathrm{.}00$; authorized $1,000,000$ shares;

issued and outstanding $758,000$ shares

Marigold Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Marigold 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 $2$ decimal places, e$.$g$.$ $$38\mathrm{.}50.)$

Book value per share $,$$

$($b$)$ Compute the book value of the common stock at December $31,2020,$ assuming that the preferred stock has a liquidating value of

$$107$ per share. $($Round answers to $2$ decimal places, e$.$g$.$ $$38\mathrm{.}50.$