D. BOOK VALUE PER SHARE (6 POINTS) Lau Gaw Company reported the following shareholders equity at year end:: 8% cumulative preference share capital, par value P100 per share, 50,000 shares issued and outstanding P5,000,000 Ordinary Share Capital , par value P35 per share, 100,000 shares issued outstanding Share Premium Ordinary Retained Earnings (inclusive of current year's net earnings of P1,000,000) 1,250,000 Dividends in arrears on the preference share amounted to 3,000,000 400,000 Compute the following: 1. Book value per share on ordinary shares: 2. Book value per share on preference share