The equity section of Cyril Corporation's balance sheet shows the following. Preferred stock-5% cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 50,000 shares issued and outstanding Retained earnings Total stockholders' equity $ 250,000 500,000 267,500 $1,017,500 Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for no preferred dividends are in arrears. Choose Numerator: Book Value per Common Share Choose Denominator: / Number of common shares outstanding 50,000 Book Value per Common Share Book value per common share Stockholders' equity applicable to common shares Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for three years of preferred dividends are in arrears. Choose Numerator: Stockholders' equity applicable to common shares Book Value per Common Share 1 Choose Denominator: / Number of common shares outstanding / 100,000 Book Value per Common Share Book value per common share