The stockholders€™ equity of Darwin Company is as follows:

Given a redemption value of $110, calculate the book value of preferred and common stock, assuming the following:
a. No dividends in arrears
b. Two years€™ dividends inarrears

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Stockholders' Equity Paid-In Capital: Preferred 10% stock, $100 par value, authorized 60,000 shares, cumulative and nonparticipating, 4,000 shares issued and outstanding Paid-In Capital in Excess of Par Value-Preferred Total Preferred Paid-In Capital by Preferred Stockholders Common Stock, $60 par value, authorized 10,000 shares 5,000 shares issued and outstanding Paid-In Capital in Excess of Par Value-Common Total Paid-In Capital by Common Stockholders $400,000 60,000 $460,000 $300,000 50,000 350,000 $810,000 150,000 $960,000 Total Paid-In Capital Retained Earnings Total Stockholders Equity