The following information is necessary to compute the net assets (stockholders equity) and book value per share of common stock for Rothchild Corporation.

8% cumulative preferred stock, $100 par	$	200,000
Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares		300,000
Additional paid-in capital		510,000
Deficit (negative amount in retained earnings)		146,800
Dividends in arrears on preferred stock, 1 full year		16,000

a. Compute the amount of net assets (stockholders' equity).

b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)