Western Grass The Equity Section of tlalance Sheet December 31, 2020 Contributed capitalt Preferred shares, $ cumulative, 10,000 shares authorized issued and outstanding Common shares, 100,600 shares authorized: 70,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 125,000 595,000 $ 220,000 611,000 $1,331,000 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 Bok Value of Common Shares