Exercise 11-20 Book value per share LO A4 The equity section of Cyril Corporation's balance sheet shows the following. Preferred stock-6 cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 35,000 shares issued and outstanding Retained earnings 250,000 350,000 267,500 867,500 Total stockholders equity Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for no preferred dividends are in arrears Book Value per Common Share Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share Required 1 Required 2