Bronze Tint Trust has the following stockholders' equity:

Bronze Tint has not declared preferred dividends for five years (including the current year).
Requirement
1. Compute the book value per share of Bronze Tint's preferred and commonstock.

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Paid-in capital: Preferred stock, 5%, $10 par, 6,000 sharcs authorized, 4,500 shares issued 45,000 $ 240,000 Common stock, $0.20 par, 1,200,000 shares authorized and issued Paid-in capital in excess of par-common Total paid-in capital Retained carnings Total stockholders' equity 400,000 685,000 %24 255,000 940,000 %24