Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares

authorized, ? shares issued $300,000

Common stock, ? par, 10,000 shares authorized,

7,000 shares issued 70,000

Additional paid-in capital—Preferred 10,800

Additional paid-in capital—Common 420,000

Additional paid-in capital—Treasury stock 2,000

Total contributed capital $802,800

Retained earnings 40,000

Treasury stock, preferred, 100 shares (3,500)

Total stockholders’ equity $ ?

The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value

$ per share