PLEASE ANSWER PART B.

PLEASE ANSWER PART B.

Problem 11-09A a-b (Part Level Submission) The following stockholders' equity accounts arranged alphabetically are in the ledger of Sunland Company at December 31, 2020. Common Stock ($10 stated value) Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) Retained Earnings Treasury Stock-Common (7,000 shares) $1,540,000 6,300 48,700 677,000 450,000 702,000 91,000 (a) Your answer is correct. Prepare a stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) Sunland Company Balance Sheet (Partial) December 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 450000 Common Stock 1540000 Total Capital Stock 1990000 Additional Paid-in Capital Paid-in Capital in Excess of Par-P 48700 Paid-in Capital in Excess of State 677000 Paid-in Capital from Treasury Sto 6300 Total Additional Paid-in Capital 732000 Total Paid-in Capital 2722000 Retained Earnings 702000 Total Paid-in Capital and Retained Earnings 3424000 Less Treasury Stock 91000 Total Stockholders' Equity 13333000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Compute the book value per share of the common stock, assuming the preferred stock has a call price of $112 per share. (Round answer to 2 decimal places, e.g. 10.50.) Book value per share of the common stock