The equity section of Cyril Corporation's balance sheet shows the following Preferred stock-6% cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$8 par value, 100,000 shares issued and outstanding Retained earnings Total stockholders' equity $ 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 Answer is not complete 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: Stockholders' equity applicable to common shares Number of common shares Book value per common share outstandin Required 1 Required 2>