Compute the Book Values Per Share for (A)preferred and (B)common $\quad$

Compute the book values per share for (a)preferred and (b)common stock for Klemperer Corporation,whose stockholders' equity as of December 31,20xx,was as follows.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Stockholders' Equity }$
$\begin{array}{|lr|}\hline\text { Contributed capital }\\ \text {Preferred stock - 6 percent cumulative, \( \$ 100 \) par value, }\\\text {40,000 shares issued and outstanding (1 year's dividends }\\\text {in arrears), callable at 110}&\$40,000,000\\\text {Common stock - \( \$ 5 \) par value, 4.000 .000 shares authorized}\\ 3,200,000 \text { shares issued and outstanding } & 16,000,000 \\\text { Additional paid-in capital, common } & 8,400,000 \\\text { Total contributed capital } & \$ 28,400,000 \\\text { Retained earnings } & 3,600,000 \\\text { Total stockholders' equity } & \$ 32,000,000 \\\hline\end{array}$