Equity balances of Leslie Company as of the end of the reporting period follow: 12% preference share capital, 200,000 shares, par P100 P20,000,000 Ordinary share capital, 500,000 shares, par P100 50,000,000 Share premium 10,000,000 Retained earnings 15,000,000 The preference shares have a call price of 130, a liquidation price of 115 and dividends have not been paid for 3 years. The book value per share of preference shares should be A.127

B.112

C.115

D.151