Western Grass Inc Equity Section of Balance Sheet December 31, 2020 Contributed capital: Preferred shares, 35 cumulative, 20,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 65,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 280,000 520.000 $ 800,000 610.000 $1,410,000 Required: Using the information provided, calculate book value per common share assuming. (Round the final answers to 2 decimal places.) 0. There are no dividends in arrears. b. There are three years of dividends in arrears. Book Value of Common Shares a. b