Proving the existance of a one- or two dimensional subspace that is both A and B invariant.

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I've just started learning about invariant subspaces and I came across this exercise:

Let $V$ be a finite-dimensional space over the field $\mathbb{C}$. Prove that if endomorphism matrices $A$ and $B$ satisfy the equation $A^2=B^2=I$, there exists a one- or two-dimensional subspace that is both $A$ and $B$ invariant.

The only thing that I've proven thus far is that the only possible eigenvalues of $A$ and $B$ may be $1$ or $-1$ (If $v$ is an eigenvector of $A$ then $Av=\lambda v \Rightarrow Iv=A^2v=\lambda Av=\lambda^{2}v$ ; this can only happen if $\lambda =\pm 1$).

Any help is appreciated. Thanks.