Sibley Corporation's Balance Sheet Reported the Following Shareholders' Equity at December

Sibley Corporation's balance sheet reported the following shareholders' equity at December 31,2017:
$\begin{array}{llr} \text { Preferred shares, \( \$ 3 \), cumulative, 11,000 shares } &\\ \text { issued, liquidation value \( \$ 55 \) per share } &\$ 605,000\\\end{array}$

$\begin{array}{llr} \text {Common shares, 75,000 shares issued } &2,000,000\\\end{array}$
$\begin{array}{cc}\text { Total contributed capital } & 2,605,000 \\\text { Retained earnings } & \underline{550,000} \\\text { Total shareholders' equity } &\underline{ \$ 3,155,000}\end{array}$
Assuming there are two years dividends in arrears (including 2017),determine the book value per share of both preferred and common shares.