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QUESTION 11 The following is the account balances at 1 Jan 2020 $ 400.000 1,000,000 20.000 Share Capital - Preference (7%, $100 par , non cumulative, 5,000 shares authorized) Share Capital - Ordinary ($5 stated value, 300,000 shares authorized) Share Premium - Preference Share Premium - Ordinary Share Premium - Treasury Retained Earnings Treasury Shares-Ordinary (5,000 shares) 420,000 1,000 468,000 50,000 ** your answers should include numerals only, no dollar sign ("$"), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded. 1800 treasury shares were sold for $18,900 on 31 March 2020, the Share Premium-Treasury account balance at the end of 31 March 2020 was $ 1200 treasury shares were sold for $9,600 on 30 April 2020, Share Premium - Treasury account balance at the end of 30 April 2020 was $ . The retained earnings at the end of 30 April 2020 was $ 700 treasury shares were sold for $ 6,300 on 31 May 2020, Treasury shares-Ordinary account balance at the end of 31 May 2020 was $ The retained earnings at the end of 31 May 2020 was $ The total dividend for all the perference shares for the year was $ The dividend is declared and paid on 30 September 2020. Cash dividend for Ordinary shares is declared and paid in October 2020 of $0.1 per share. The total amount of dividend paid for ordinary shares is $ The account balances of Share Capital-Ordinary at 31 December 2020 was $1,300,000 and Share Premium-Ordinary was $450,000. The number of ordinary shares issued in year 2020 was the issued price per share was $ and the total cash proceeds from issue of shares was $ if all the shares are issued for cash. (Assumption: no other equity transactions took place)

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