Need number 2, what is the book value per share of Common Stock?

Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Paid-In Paid-In Preferred Capital Common Capital Retained Stock Preferred Stock Common Earnings Balance, Jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000 Stock issued 100,000 10,000 Net income 61,000 Cash dividend -30,000 Stock dividend 10,000 5,000 -15,000 Balance, Dec. 31 $110,000 $55,000 $500,000 $50,000 $216,000 Divac's preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per share. There are no dividends in arrears on the stock. The common stock has a par value of $4 per share. Assume that the common stockholders have a right to the total net income of $61,000. Required: 1. Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal m enter as a percentage to two decimal places. For example, .34678 rounds to .3468 and would be entered as 34.68, indicating 34.68%. 49.18 ll in the blank 1 % 2. Determine the book value per share of Divac's common stock. Round the book value per share to two decimals. $fill in the blank 2' per share