Question 5 (18 marks) 5 The shareholder's equity section of AAC Co. Lid at December 31,2018 is as followe 2017 The company was incorporated on January 1, 2017 On January 1, 2017 the share capital consisted of 6,000 preferred shares and 10,000 common sharas (issued for $10 each). - On June 30, 2017, 2,000 more preferred shares were issued. - On September 30,2017 , dividends totaling $50,000 were declared and paid. 2018 On January 1, 2018, 2.000 more preferred shares were issuod. On duly 1, 2018, 17,000 common shares wore issued for $10 each On October 1. 2018, the company repurchased and retred 2,000 common shares at a cost of 515 each On December 1, 2018, the company deciared and issued a two-for-one common stock split. - On December 31,2018 , divicends totaling $60,000 were declared and paid. - Retained earnings had a valve of $1,570,000 at December 31, 2017. REQUIRED A. Calculate the earnings per share of the common stock for 2015 ( 10 marks). B. Calculate the book value of the common stock at 12/31/2018 (8 marks)