The equity section of Cyril Corporation's balance sheet shows the following Preferred stock-68 cumalative, $25 par valve, 10,000 shares issued and outstanding Common stock-58 par value. 100,000 shares issued and outstanding Retained earnings Total stockholders' equity ed $ 250,000 800,000 535,000 $1,585,000 This year's 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. 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 three years of preferred dividends are in arrears. Choose Numerator: Stockholders equity applicable to common shares 15 Book Value per Common Share Choose Denominator Stockholders equity applicable to common shares Book Value per Common Share Book value per common share 30 X 13 X 231