Question 1 (13 points] ABC Inc.'s common shares are currently selling on a stock exchange at $9 per share, and a recent balance sheet shows the information below. Using the information given, answer the following questions ABC Inc. Equity Section of Balance Sheet December 31, 2014 Contributed capital Preferred shares, $5.00 cumulative, 5,000 shares authorized, issued, and outstanding, 60,000 130,000 common shares authorized, issued, and outstanding 1,040,000 Total contributed capital 1,100,000 Retained earnings 300,000 Total equity I 1,400,000 /time No ytime No ytime No ytime No ytime No ytime No ytime No ytime No ytime 30 No ytime ytime ytime 40 No ytime No I No 1 a) Calculate the following value Market value of common shares No I No ytime ytime ytime time /time ytime Noli b) Calculate the following value. Capital contributed by residual owners 20 n No li ytime 30 m c) Assuming no dividends are in arrears, calculate the following values. Book value per common share.. Book value per preferred share. Book value per preferred share d) Assuming three years of preferred dividends are in arrears, calculate the following values. Book value per common share Book value per preferred share_ yti yti e) Assuming three years of preferred dividends are in arrears, and the board of directors declares dividends of $302,000, calculate the following values Dividends to common shareholders Dividends to preferred shareholders Dividends per common share tir ytir ytir Official Time