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

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses. the book value of the partnership equity (i. e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000