The balance sheet of Mitt Trull, Inc., reported the following
preferred stock 8%,$40 par 1,600 shares issued and outstading- 64,000
common stock, no par value, 10,000 shares authorized, 5,600 shares issued. - 224,000
total stockholders equity- 288,000
Compute the book value per share of Trulls preferred and common stock if three years preferred dividends (including dividends for the current year) are in arrears.