ok ht nces Contributed capital: Western Grass Inc. Equity Section of Balance Sheet December 31, 2020 Preferred shares, $4 cumulative, 15,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 80,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $156,000 760,000 $ 916,000 638,000 $1,554,000 Required: Using the information provided, calculate book value per common share assuming. (Round the final answers to 2 decimal places.) a. There are no dividends in arrears. b. There are three years of dividends in arrears. Book Value of Common Shares a.