The Stockholders' Equity Section of a Company's Year-End Balance Sheet

The stockholders' equity section of a company's year-end balance sheet follows:
$\begin{array}{|l|r|r|}\hline\begin{array}{l}\text { Preferred stock, } \$ 100 \text { par value, } 9 \% \text { cumulative and } \\\text { nonparticipating, } 5,000 \text { shares outstanding }\end{array} & \$ 500,000 & \\\hline \begin{array}{l}\text { Contributed capital in excess of par value, preferred } \\\text { stock }\end{array} & \underline{50,000} & \\\hline \text { Total capital contributed by preferred stockholders } & & \$ 550,000\\\hline\\\hline \begin{array}{l}\text { Common stock, } \$ 5 \text { par value, } 150,000 \text { shares } \\\text { outstanding }\end{array} & \$ 750,000 & \\\hline \begin{array}{l}\text { Contributed capital in excess of par value, common } \\\text { stock }\end{array} & \underline{150,000} & \\\hline \text { Total capital contributed by common stockholders } & & \underline{900,000} \\\hline \text { Total contributed capital } & & \$ 1,450,000 \\\hline \text { Retained earnings } & & \underline{1,660,000} \\\hline \text { Total stockholders' equity } & & \$ 3,110,000 \\\hline\end{array}$

The preferred stock has a call price of $103 per share plus dividends in arrears.One entire year's dividends are in arrears.Calculate the book value per (1)preferred share and (2)common share.