From the following information, determine the book value per share for preferred and common stock assuming $14,800 of dividends are in arrears on the preferred stock.

Stockholders' Equity

Preferred 6% Stock cumulative and nonparticipating, $17 par value,..........................$175,100

$15 redemption value, 10,300 shares issued and outstanding

Common Stock, $8 par value, 41,000 shares issued and outstanding,...........................328,000

Retained Earnings,.......................................................................................76,000

Total Stockholders' Equity,..........................................................................$579,100