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question:The book value per share of common stock is closest to: (Round to 2 decimal places.) please show work!0 Shown below is information relating to

image text in transcribedquestion:The book value per share of common stock is closest to: (Round to 2 decimal places.)

please show work!0

Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 5.0% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 640,000 shares; issued and outstanding, 196,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears $ 2,400,000 1,960,000 392,000 (98,000) 120,000 The book value per share of common stock is closest to: (Round to 2 decimal places.)

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