Determining Book Value Per Share From the Above Information, Compute the Following:
(A) Number of to the Shareholders

Determining book value per share.
Shown below is information relating to the shareholders' equity of Churchill, Limited:
$\begin{array}{ll}6 \% \text { non-cumulative preference share, } \$ 100 \text { par } & \$ 1,200,000 \\\text { Ordinary share, } \$ 10 \text { par } 1,000,000 \text { shares authorized } & \$ 3,000,000 \\\text { Share premium, ordinary shares } & \$ 6,000,000 \\\text { Deficit (negative retained earnings) } & \$ 1,200,000\end{array}$
From the above information, compute the following:
(a) Number of preference shares issued and outstanding
(b) Average issue price per share of ordinary share
(c) Issued and fully paid capital
(d) Total shareholders' equity
(e) Book value per share of ordinary share