Western Grass Inc Equity Section of Balance Sheet December 31, 2017 Contributed capital: Preferred shares, $4 cumulative, 15,000 shares authorized, issued and outstanding issued and outstanding Total contributed capital $ 144,000 00,000 $ 444,000 Common shares, 100,000 shares authorized; 60,000 shares Retained eamings Total equity 584,000 $1,028,000 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