my answers are wrong Saved 6 Franks Inc has preferred and co

my answers are wrong..

Saved 6 Franks, Inc., has preferred and common stock outstanding as follows $6 preferred stock, 40,000 shares @ Si0p pan value Common stock, 500, 000 shares at sie par value Additional paid-in capital on common stock Retained earnings $41900,000 5.00,000 1 800 , 000 1:75e.000 ints Calculate the book valu e nsjwer sLi ividends are cumulat eBook in arrears. (Round your answer to 2 decimal places) Print Book value?$ 630 per share References

Solution

Common Stock, 500,000 shares at $ 10 par value $       50,00,000 Additional paid-in capital on common stock              8,00,000 Retained Earning            17,50,000 Total Book Value of common stock            75,50,000 Number of common stock              5,00,000 Book Value per share $ 15.10 Note:Prefrred stocks are not included in calculation of book value of common stock.