Jessica Companys equity balances on December 31, 2018 are: 10% cumulative Preference shares, P100 par, 100,000 shares (10,000,000) Ordinary shares, P100 par value, 500,000 shares (50,000,000) Retained earnings (15,000,000) Dividends in arrears on the preference shares are for 5 years as of December 31, 2017. If the company were to be liquidated, the preference shares would receive par plus a premium of P3,000,000. 1. What is the book value per preference share? 2. What is the book value per ordinary share?