Your answer is incorrect. Try again Bonita Inc. began operations in January 2018 and reported the following results for each of its 3 years of op 2018 $252,000 net loss 2019 $39,000 net loss 2020 $868,000 net income At December 31, 2020, Bonita Inc. capital accounts were as follows. 400.000 8 cumulative preferred stock, par value $100; authorised, sed, and outstanding 4,900 shares Common stock, par value $1.00; authorized 1,000,000 shares, Issued and outstanding 769,000 shares $769,000 Bonita Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Bonita began operations. The state law permits dividends only from retained earnings (a) Compute the book value of the common stock at December 31, 2020. (Round answers to 2 decimal places, ... 38.5.) Book value per share 1.52 (b) Compute the book value of the common stock at December 31, 2020, assuming that the preferred stock has a liquidating value of $105 per share. (Round answers to 2 decimal places Book value per share