The stockholder's equity section from a corporation's balance sheet appeared as for Stockholders' Equity cumulative and nonparticipating Preferred Stock. 6% simulative. $50 par. authorized and issued 500.000 10.000 shares Common Stock. $20 par. 100.000 shares authorized and 2.000.000 Issued, 94.000 shares outstanding Retained Earnings of which S30,000 is restricted by 35.000 purchase of treasury stock (30.000) Less: Cost to Treasury Stock 32, 555,000 Total stockholders' equity Required: Compute the book value per share for common stock under each of the following assumptions. Show your organized computations on attached paper. Book Value Per Share Assumptions I. There are no dividends in arrears on the preferred stock. 2. Two year's dividends are in arrears on the pet stock 3. year are in arrears on the pref. stock. Two dividends are in arrears and the preferred stock is callable at S60 per share