5) The shareholders' equity section from Sonar Corporation's balance sheet shows the following: SHARE CAPITAL AND RETAINED EARNINGS Preferred $3, cumulative and nonparticipating, issued and outstanding 2,000 shares $200,000 Comman no par value, issued and outstanding 25,000 shares 250,000 Total Contributed capital $450,000 Retained earnings 230,000 Total shareholders' equity $680,000 BE I there are no dividends in arrears, the book value per share of the corporation's preferred Is $ and the book value per share of its common Is $ 2. If a total of two years' dividends are in arrears on the preferred shares, the book value per share of the preferred is $ and the book value per share of the common is