On December 31, 2023, University Security Inc. showed the following:

University Security Inc. Equity Section of Balance Sheet December 31, 2023 Contributed capital: Preferred shares, $4.3, unlimited shares authorized, 14,300 shares issued and outstanding* $ 311,000 Common shares, unlimited shares authorized, 35,300 shares issued and outstanding* 458,000 Total contributed capital $ 769,000 Retained earnings 955,000 Total equity $ 1,724,000 *All of the shares had been issued early in 2022.

Required: Part 1: Calculate book value per common share and preferred share at December 31, 2023, assuming $0 being paid out in 2022 and $92,500 being paid out in 2023 (the preferred dividends for 2 years are calculated - $92,500 dividends paid, showing $30,480 in arrears).

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, 2023, assuming total dividends of $92,500 were declared and paid in each of the years ended December 31, 2022 and 2023, 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.)