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Using data from the stockholders equity section of

Using data from the stockholders equity section of Soong Corporation s Using data from the stockholders’ equity section of Soong Corporation’s balance sheet shown below, compute the book value per share for both the preferred and the common stock.Contributed capitalPreferred stock, $100 par value, 8 percentCumulative, 20,000 shares authorized,1,000 shares issued and outstanding* . $ 100,000Common stock, $10 par value, 200,000 sharesAuthorized, 80,000 shares issued andOutstanding 800,000Additional paid-in capital 1,032,000Total contributed capital $1,932,000Retained earnings 550,000Total stockholders’ equity . $2,482,000*The preferred stock is callable at $108 per share, and one year’s dividends are in arrears.Using data from the stockholders equity section of Soong Corporation s

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