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Windsor Inc. began operations in January 2023 and reported the following results for each of...

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Accounting

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Windsor Inc. began operations in January 2023 and reported the following results for each of its 3 years of operations. At December 31, 2025, Windsor Inc. capital accounts were as follows. 8% cumulative preferred stock, par value $100; authorized, issued, and outstanding 5.100 shares $510,000 Common stock, par value $1.00; authorized 1,000,000 shares; issued and outstanding 702,000 shares $702,000 Windsor Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Windsor began operations. The state law permits dividends only from retained earnings. a. Compute the book value of the common stock at December 31, 2025. (Round answers to 2 decimal places, eg. 38.50) Book value per share b. Compute the book value of the common stock at December 31,2025 , assuming that the preferred stock has a liquidating value of $105 per share. (Round answers to 2 decimal places, es. 38.50). Book value per share

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