Tahini Inc.’s 2019 financial statements reported the following items—with 2018 figures given for comparison:

Assuming there are three years’ dividends in arrears (including 2019), determine the book value per share of both preferred and common shares. Round your answers to the nearest cent.

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Balance sheet 2019 2018 Total assets $49,000 $44,800 Total liabilities $27,400 $25,800 Total shareholders' equity (all common) 21,600 19,000 Total liabilities and equity $49,000 $44,800 Income statement Net sales $39,130 Cost of goods sold 14,210 Gross margin 24,920 Selling and administrative expenses 14,000 Interest expense 400 All other expenses, net 4,420 Net income $ 6,100