If McCumbers Inc. has the following stockholders' equity section of its balance sheet at December 31, 2011:

Preferred Stock/ 6%/ $100 par value, 1,000 shares authorized, issued/ and outstanding... $1,100,000
Premium on Preferred Stock... 50,000
Common Stock,$10 par value, 250,000 shares authorized/ 120/000 shares issued and outstanding... 1,200,000
Additional Paid-in Capital... 360,000
Retained Earnings... 860,000

Total Stockholders' Equity $3,570,000 Required:
1} Determine the 2011 book value per share of preferred stock. 2) Determine the 2011 book value per share of common stock.