On December $31,2023,$ University Security Inc. showed the following:

$*$All of the shares had been issued early in $2022.$

Required:

Part $1$:

Calculate book value per common share and preferred share at December $31,2023,$ assuming $$0$ being paid out in $2022$ and

$$100,000$ being paid out in $2023($the preferred dividends for $2$ years are calculated $-$ $$100,000$ dividends paid, showing $$83,280$ in

arrears$).$

a$.$ Cumulative. $($Round the final answers to $2$ decimal places.$)$

b$.$ Non$-$cumulative. $($Round the final answers to $2$ decimal places.$)$

common shares $=?$

preffered shares $=?$

Part $2$:

Calculate book value per common share and preferred share at December $31,2023,$ assuming total dividends of $$100,000$ were declared and paid in each of the years ended December $31,2022$ and $2023,$ and that the preferred shares are:

c$.$ Cumulative. $($Round the final answers to $2$ decimal places.$)$

Common shares $=?$

preffered shares $=?$

d$.$ Non$-$cumulative. $($Round the final answers to $2$ decimal places.$)$

common shares $=?$

prefferd shares$=?$