The equity section of the balance sheet of the Guts Company on December 31, 2010 shows following items:

6% Cumulative preference share capital, P100 par value (liquidation value, P115 per share); Authorized, 6,000 shares; issued, 4,000 shares; in treasury, 600 shares	P400,000
Ordinary share capital, P100 par value, authorized, 20,000 shares; issued and outstanding, 8,000 shares	800,000
Share premium preference shares	150,000
Share premium ordinary shares	165,000
Retained earnings	458,600
Reserve for bond retirement	320,000
Treasury shares - preference, at cost	84,000

REQUIRED

1) The book value per share of ordinary stock is a.223.65 b. 224.78 c.223.70 d.121 2.) Assuming the preference share is participating, the book value per share of ordinary stock is a.204.35 b.187.56 c.223.70 d. 187.56