Parker Company has the following stockholders' equity section in its December 31, 2021, balance sheet: *Stockholders'...

 

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Parker Company has the following stockholders' equity section in its December 31, 2021, balance sheet: *Stockholders' Equity* 6% Preferred Stock, 17,000 shares issued Common Stock, 140,000 shares issued Additional Paid-In Capital Retained Earnings Treasury Stock, 2,500 shares at cost Total Stockholders' Equity $1,870,000 2,660,000 2,040,000 1,980,000 -97,500 $8,452,500 At the end of 2020, there were no preferred stock dividends in arrears. In 2021, Parker Company declared and paid a $50,200 cash dividend. The preferred stock has a liquidation preference of $120 per share. Required: 1. Compute the book value per share of preferred stock. 2. Compute the book value per share of common stock. Round your responses to the nearest cent. Parker Company has the following stockholders' equity section in its December 31, 2021, balance sheet: *Stockholders' Equity* 6% Preferred Stock, 17,000 shares issued Common Stock, 140,000 shares issued Additional Paid-In Capital Retained Earnings Treasury Stock, 2,500 shares at cost Total Stockholders' Equity $1,870,000 2,660,000 2,040,000 1,980,000 -97,500 $8,452,500 At the end of 2020, there were no preferred stock dividends in arrears. In 2021, Parker Company declared and paid a $50,200 cash dividend. The preferred stock has a liquidation preference of $120 per share. Required: 1. Compute the book value per share of preferred stock. 2. Compute the book value per share of common stock. Round your responses to the nearest cent.

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