Compute the book value per ordinary share and per preference share UNDER EACH OF THE FF:

a. cumulative and fully participating

b. cumulative and fully participating after ordinary share receives 15%

c. cumulative and participating up to 16%

d. cumulative and non-participating

e. Non-cumulative and non-participating

Problem 3-16 LABAN Company provided the following shareholders' equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 4,000,000 Share premium 2,000,000 Retained Earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2017. Required: Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: a) Cumulative and fully participating b) Cumulative and fully participating after ordinary share receives 15% c) Cumulative and participating up to 16% d) Cumulative and non-participating e) Noncumulative and non-participating