Nova Company provided the following shareholders' equity on December 31, 2017: Cumulative preference share capital, P100 par, 8% Ordinary share capital, P100 par 200,000 Share premium 260,000 Retained earnings (150,000) Treasury ordinary shares- 1,000 at cost Dividends on preference shares are in arrears for 2016 and 2017, What is the book value per ordinary share on December 31, 2017? 500,000 1,100,000 On December 31, 2017 and 2016, Gow Company had 100,000 ordinary shares and 10,000 cumulative preference shares of 5%, P100 par value, No dividends were declared on either the preference or ordinary share in 2017 or 2016. Net income for the current year was P900,000. What amount should be reported as basic earnings per share?