Western Grass Inc. Equity Section of Balance Sheet December 31, 2023 Contributed capital: Preferred shares, $5 cumulative, 20,000 shares authorized, issued and outstanding $ 280,000 Common shares, 100,000 shares authorized; 65,000 shares issued and outstanding 520,000 Total contributed capital $ 800,000 Retained earnings 610,000 Total equity $ 1,410,000 Required: Using the information provided, calculate book value per common share assuming: (Round the final answers to 2 decimal places.