An entity provided the following data at year-end: 12% preference share capital, 20,000 shares, P100 par value 2,000,000 14% preference share capital, 10,000 shares, P300 par value 3,000,000 Ordinary share capital, 50,000 shares, P100 par value 5,000,000 Retained earnings 4,240,000 Share premium 1,500,000 The 12% preference share is cumulative and participating. The 14% preference share is noncumulative and participating. Dividends are in arrears for 3 years. 1. What is the book value per 12% preference share? a. 156 b. 176 c. 136 d. 100