Current Attempt in Progress At December 31, Cheyenne Corp. has total stockholders' equity of $3,200,000. Included in this total are preferred stock $458,000 and paid-in capital in excess of par-preferred stock $48,600. There are 9.800 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 189,000 shares of common stock are outstanding Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg 15.25) (a) (b) There are no preferred dividends in arrears, and the preferred stock does not have a call price. Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share. (a) Book value per share $ (b)