The net worth of a corporation consisted of:

Preferred Stock- 6% cumulative participating par value $100/share, 2000 shares outstanding- $200,000

Common stock $50 par value, 3000 shares outstanding-$150,000

Retained earnings - $70000

Common stockholders receive $3 a share after preferred stockholders receive 6% dividends; any remaining dividends are shared: $2 a share prefered, $1 a share common. Dividends have not yet been paid for the year. The book value of a share of common stock is: