The Stockholders' Equity Section of a Corporation's Balance Sheet Follows

The stockholders' equity section of a corporation's balance sheet follows: (1) Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share.
Book value per preferred share ____________________ Book value per common share ____________________ (2) Assuming that the preferred stock has a call price of $30 per share and one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share
Book value per preferred share ____________________ Book value per common share ____________________