The equity section of Cyril Corporations balance sheet show the following.

This years dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations.

1. No preferred dividends are in arrears.

2. Three years of preferred dividends are in arrears.

The equity section of Cyril Corporation's balance sheet shows the following Preferred stock-6% cumulative, $25 par value, $ 250,000 800,000 535,000 10,000 shares issued and outstanding common ?tock-$8 par value, 100,000 shares issued and outstanding Retained earnings Total stockholders' equity $1,585,000 This years dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations es 1. No preferred dividends are in arrears 2. Three years of preferred dividends are in arrears Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for no preferred dividends are in arrears. Book Value per Common Share Choose Numerator: Choose Denominator: Book Value per Common Share equity applicable to common sharesNumber of common shares outstandingBook value per common share