Problem #39 Book Value per Share Given the shareholders' equity section of the Flores Corporation's statement of financial position below, what is the book value per share for both the preference and the ordinary shares? Share Capital Preference Shares-P100 per share, 8% cumulative, 10,000 shares authorized, 500 shares issued and outstanding* P 50,000 Ordinary Shares-P10 par, 100,000 shares authorized, 40,000 shares issued and outstanding P400,000 Share Premium-Ordinary 516,000 916,000 Total Share Capital P 966,000 Retained Earnings 275,000 Total Shareholders' Equity P1,241,000 * The preference shares has a liquidation value of P104 per share, and current year's dividends are in arrears. Problem #40 Book Value per Share Domingo, Inc. was organized on Jan. 2 with the following capital structure: 10% Cumulative Preference Shares, par value P1,000 and liquidation value P1,050; authorized, issued and outstanding 1,000 P1,000,000 shares Ordinary Shares, par value P250; authorized 100,000 shares; issued and outstanding 10,000 shares 2,500,000 were declared. Domingo's profit for the first year ending Dec. 31 was P4,500,000, but no dividends Required: 1. What is the book value per preference share at Dec. 31? 2. What is the book value per ordinary share at Dec. 31