From the following, determine the book value per share for preferred and common stocks, assuming $2,000 of dividends are in arrears on the preferred stock. 
Definitions:
Central Tenets
Fundamental principles or beliefs that form the foundation of a system, theory, or philosophy.
Contradictions
Instances of inconsistency between aspects of a situation or between statements, often leading to dilemmas or confusion.
Ronald Reagan
The 40th President of the United States, serving from 1981 to 1989, known for his economic policies dubbed "Reaganomics," as well as his role in ending the Cold War.
Domestic Policy
Policy decisions, plans, and actions that are undertaken by a government to deal with issues within its own borders, covering areas such as education, health, housing, and transportation.
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