Shown below is information relaung to the stockholders' equity of Reeve Corporation as of December 31 , Year 1 : 8% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 500,900 shares; issued and outstanding, 120,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears $600,000 1,200,600 600,090 (60,000) 48,600 The book value per share of common stock is closest to: (Round to 2 decimal places.)