. The stockholders' equity section of a company's year-end balance sheet follows: (15 Points)

Preferred stock, $150 par value, 8% cumulative and nonparticipating, 6,000 shares outstanding	$900,000
Contributed capital in excess of par value, preferred stock	60,000
Total capital contributed by preferred stockholders		$960,000
Common stock, $5 par value, 175,000 shares outstanding	$875,000
Contributed capital in excess of par value, common stock	350,000
Total capital contributed by common stockholders		1,225,000
Total contributed capital		$2,185,000
Retained earnings		1,284,500
Total stockholders equity		$3,469,500

The preferred stock has a call price of $155 per share plus dividends in arrears. One entire year's dividends are in arrears. Calculate the book value per (1) preferred share and (2) common share.

Answer:

Please explain all of your calculatioins or show your calculations so it is easier to understand, thank you.