On December 31, 2014, Optosecurity Inc. showed the following: 

On December 31, 2014, Optosecurity Inc. showed the following:


Required
Part 1:
Calculate book value per common share and preferred share at December 31, 2014, assuming no dividends were declared for the years ended December 31, 2013 or 2014, and that the preferred shares are:
a. Cumulative,
b. Non-cumulative.

Part 2
Calculate book value per common share and preferred share at December 31, 2014, assuming total dividends of $91,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are:
c. Cumulative,
d.Non-cumulative.

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