The equity section of Cyril Corporation's balance sheet shows the following Preferred stock-68 cumulative, $20 par value, 10,000 shares issued and outstanding $200,000 Common stock-$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings Total stockholders' equity 267,500 $917,500 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 Required Determine the book value per share of the preferred and common stock for no preferred dividends are in 2 arrears Book Value per Common Share Book Value per Common Share Choose Numerator: Choose Denominator: Book value per common share Required! Required 2