The following information is extracted from the balance sheet of Tamer Company on December 31, 2015 $1,000,000 10,000,000 3,600,000 cumulative preferred stock, par value $100, and liquidation value 5105, 109 10,000 shares issued and outstanding Common stock $10 par value 1,000,000 shares issued and outstanding Retained earning The company's net income for the year ended December 31, 2015, was $ 620,000, but no dividends were declared this year and over the past two years Compute the company book value per preferred share on December 31, 2015