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  3. ported the following summarized balance sheet at $

ported the following summarized balance sheet at $37,600 6.London Gems Company reported the following summarized...

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ported the following summarized balance sheet at $37,600 6.London Gems Company reported the following summarized balance December 31, 20X6: Liabilities and Equity Liabilities Shareholders guity $0.6 cumulative preference shares. S1Spar, 400shares issued Ordinary shares, $2 par, 6,300 shares issued Paid-in capital in excess of par cained earnings Total Liabilities and Equity 6,000 12,600 17,400 23,000 $96,600 During 20X7, London completed these transactions that affected shareholders' equity: Feb 13 Issued 5,000 ordinary shares for $6 per share. Jun 17 Declared the regular cash dividend on the preference shares. Jun 24 Paid the cash dividend. Aug 9 Distributed a 20% share dividend on the ordinary share. Market price of the _ ardinary share was 57 per share. Oct 26 Reacquired 800 ordinary shares as treasury shares, paying S8 per share. Nov 20 Sold 600 shares of the treasury shares for S12 per share. Requirements Lumalizo London's transactions. Explanations are not required.(10marks)

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