Here is the equity accounts of Stark Industries on January 1, 2019. Share Capital Ordinary ($10 par value) Share Capital Preference (6%, $120 par, non cumulative) Treasury Share Ordinary (8,000 share) Share Premium Ordinary $1,200,000 $ 900,000 64,000 $ 150,000 $ 250,000 10,000 $ Share Premium Preference - Share Premium Treasury Retained Earnings $ $ 638,000 Required: a. Prepare an equity section at December 31. b. Compute the book value per share of the ordinary shares, assume that preference share have a call price of $120 per share. c. From (a) and (b) give your argument !