The balance sheet of Moe Taylor, Inc., reported the following:

Requirement
1. Compute the book value per share of Taylor€™s preferred and common stock if three years€™ preferred dividends (including dividends for the current year) are inarrears.

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Preferred stock, 7%, $30 par, 1,000 shares authorized, issucd and outstanding Common stock, no-par valuc, 11,000 shares authorized, 5,600 shares issucd Retained carnings Total stockholders' cquity 30,000 2$ 226,000 80,000 $ 336,000