On December 31, 2021, EOS Co's shareholders' equity consisted of the following: 8%, cumulative preference share, P50 par, P55 liquidating value, 20,000 shares issued and outstanding; Ordinary share,...

Extracted text: On December 31, 2021, EOS Co's shareholders' equity consisted of the following: 8%, cumulative preference share, P50 par, P55 liquidating value, 20,000 shares issued and outstanding; Ordinary share, P25 par, 100,000 shares issued and outstanding; Retained earnings P400,000 Dividends on the preferred shares have been paid through 2020, but no dividends have been declared yet for 2021. Compute for the book value per preference share on December 31, 2021.