On December 31, 2020, University Security Inc. showed the following:

University Security Inc.
Equity Section of Balance Sheet
December 31, 2020
Contributed capital:
Preferred shares, $5.9, unlimited shares authorized, 15,900 shares issued and outstanding*	$	327,000
Common shares, unlimited shares authorized, 36,900 shares issued and outstanding*		474,000
Total contributed capital	$	801,000
Retained earnings		971,000
Total equity	$	1,772,000

*All of the shares had been issued early in 2019. Required: Part 1: Calculate book value per common share and preferred share at December 31, 2020, assuming no dividends were declared for the years ended December 31, 2019 or 2020, and that the preferred shares are: a. Cumulative. (Round the final answers to 2 decimal places.)

b. Non-cumulative. (Round the final answers to 2 decimal places.)

Part 2: Calculate book value per common share and preferred share at December 31, 2020, assuming total dividends of $100,500 were declared and paid in each of the years ended December 31, 2019 and 2020, and that the preferred shares are: c. Cumulative. (Round the final answers to 2 decimal places.)

d. Non-cumulative. (Round the final answers to 2 decimal places.)

Check my work 2 On December 31, 2020, University Security Inc. showed the following: 10 points University Security Inc. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $5.9, unlimited shares authorized, 15,900 shares issued and outstanding Common shares, unlimited shares authorized, 36,900 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 327,000 eBook Print 474,000 $ 801,000 971,000 $1,772,000 References *All of the shares had been issued early in 2019. Required: Part 1: Calculate book value per common share and preferred share at December 31, 2020, assuming no dividends were declared for the years ended December 31, 2019 or 2020, and that the preferred shares are: a. Cumulative. (Round the final answers to 2 decimal places.) Book Value Common share Preferred share Check my work y LUIS LULUVULLINLI JI, ZVIJUI LULU, HIIU LIIUL LIIC PILICIILU JIUILOUIL. 2 a. Cumulative. (Round the final answers to 2 decimal places.) Book Value 10 points Common share Preferred share eBook Print References b. Non-cumulative. (Round the final answers to 2 decimal places.) Book Value Common share Preferred share Check my work 2 Part 2: Calculate book value per common share and preferred share at December 31, 2020, assuming total dividends of $100,500 were declared and paid in each of the years ended December 31, 2019 and 2020, and that the preferred shares are: 10 points C. Cumulative. (Round the final answers to 2 decimal places.) Book Value eBook Common share Preferred share Print References d. Non-cumulative. (Round the final answers to 2 decimal places.) Book Value Common share Preferred share