1:54 PM Sun Jan 26 20% C14 #2 s Weygandt, Accounting Principles, 13e Help System Announcements PRINTER VERSION BACK NEXT Exercise 14-19 a-b Your answer is partially correct. Try again. At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par-preferred stock 549,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 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, e.g. 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. Book value per share Click if you would like to Show Work for this question: Open Show Work SUBMIT ANSWER Question Attempts: 1 of 3 used SAVE FOR LATER