Western Grass Inc. Equity Section of Balance Sheet December 31, 2020 Contributed capitalt Preferred shares, $6 cumulative, 5.000 shares authorised, issued and outstanding $ 66,000 Common shares, 100,000 shares authorized; 80,000 shares issued and outstanding 220.000 Total contributed capital $ 786,000 Retained earnings 561.000 Total equity $1.347,000 Required: Using the information provided, calculate book value per common share assuming (Round the final answers to 2 decimal places.) a. There are no dividends in arrears. b. There are three years of dividends in arrears. Book Value of Common Shares b