A Corporation Reports the Following Year-End Stockholders' Equity Determine the Following:
(1)Par Value for the Preferred Stock

A corporation reports the following year-end stockholders' equity:
$\begin{array}{|l|c|}\hline\text {Paid-in capital:}\\\hline\text {Preferred stock, \( 8 \%, 100,000 \) shares}\\\text { authorized, 50,000 shares issued}&\$2,500,000\\\hline\text {Paid-in cavital in excess of par Preferred}&125,000\\\hline\text { Common stock, } \$ 1 \text { par, } 5,000,000 \text { shares } \\\text { authorized, } 4,000,000 \text { shares issued }& 4,000,000 \\\hline \text { Paid-in capital in excess of par, Common } & 1,200,000 \\\hline \text { Total paid-in capital } & \$ 7,825,000 \\\hline \text { Retained earnings. } & 10,675,000 \\\hline \text { Total stockholders' equity } & \$ 18,500,000 \\\hline\end{array}$

Determine the following:
(1)Par value for the preferred stock.
(2)Book value per share for both preferred stock and common stock assuming no dividends in arrears.