(Share value) At the end of last year a company had 25million shares ($1.00par value) outstanding and total owners equity of $100 million. Net income in the past year was $75 million, and 24 million shares were outstanding on average during the year.

a. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $0.40 per share?

b. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $40.00 per share?

c. Calculate the companys book value per share at year-end.

d. Calculate the companys earnings per share for the year.

**To ensure full credit, make sure to fully explain and show your calculations for A-D.