Question: Given the following, prepare the book value per share for preferred and common stock: Preferred Stock $96,000; 1,400 shares issued. Common Stock $172,000;

Given the following, prepare the book value per share for preferred and common stock:
• Preferred Stock $96,000; 1,400 shares issued.
• $172,000; 1,600 shares issued.
• Retained Earnings, $9,800.
• Preferred Dividends in Arrears, $5,400.
• Paid-in capital in excess of par: preferred, $6,800.
• Paid-in capital in excess of par: common, $7,000.
• Redemption value on preferred stock, $16.

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