A Corporation Reports the Following Year-End Stockholders' Equity Determine the Following:
(1)Par Value for the Preferred Stock

A corporation reports the following year-end stockholders' equity:
$\begin{array}{|l|r|}\hline \text { Contributed capital: } & \\\hline \text { Preferred stock, } 8 \%, 100,000 \text { shares authorized, } 50,000 \text { shares issued } & \$ 2,500,000 \\\hline \text { Contributed capital in excess of par, Preferred } & 125,000 \\\hline \text { Common stock, } \$ 10 \text { par, } 500,000 \text { shares authorized, } 400,000 \text { shares issued } & 4,000,000 \\\hline \text { Contributed capital in excess of par, Common } & \underline{1,200,000} \\\hline \text { Total contributed capital } & \$ 7,825,000 \\\hline \text { Retained earnings } & 10,775,000 \\\hline \text { Total stockholders' equity } & \$ 18,600,000 \\\hline\end{array}$

Determine the following:
(1)Par value for the preferred stock.
(2)Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.