The Stockholders' Equity of Westester Corporation as of December 31,20xx,is

The stockholders' equity of Westester Corporation as of December 31,20xx,is as follows:
$\begin{array}{|lr|}\hline\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Stockholders' Equity }\\\end{array}\\ \text {Contributed capital}\\ \text {Preferred stock-7 percent cumulative, \( \$ 100 \) par value, }\\\$ 103 \text { call value, } 30,000 \text { shares authorized, issued, }\\\text { and outstanding }&\$3,000,000\\ \text {Common stock- \( \$ 10\) par value, \( 1,500,000 \) shares authorized,}\\1,200,000 \text { shares issued and outstanding } & 12,000,000 \\\text { Additional paid-in capital, common } & 5,175,000 \\\text { Total contributed capital } & \$20,175,000 \\\text { Retained earnings } &2,750,000 \\\text { Total stockholders' equity } & \$ 22,925,000 \\\hline\end{array}$
The preferred stock has one year's dividends in arrears.
a. Compute the book value per share of preferred stock and the book value per share of common stock. (Round to the nearest cent.)
b. Assume the preferred stock has two years' dividends in arrears. Compute the book value per share of preferred stock and the book value per share of common stock. (Round to the nearest cent.)