7 The equity accounts of Bio-Tech Company is as follows: (a) Calculate the book value per share (5 points) (a) Suppose the firm sells 2,000,000 new (additional) shares at a price of $20 per share. Calculate the new value of Common Shares account. (5 pts.) (b) Calculate the new value of Additional paid-in-capital account after the sale in section (b). (10 pts.) (I WANT TO SEE YOUR STEPS FOR THE RESULT. JUST SHOWING THE RESULT WILL NOT BE ACCEPTED. ADDITIONALLY, STRONG SIMILARITIES IN THE CALCULATIONS WILL BE CONSIDERED AS CHEATING.) (20 Points) Common Shares ($1.00 par value) Additional paid-in-capital Retained earnings Treasury shares at cost Net common equity $ 10,000,000 $ 50.000.000 $125.000.000 $ 1.000.000 186.000.000