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			452,800
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). amount of net assets=

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