At 1 July 2019 Halyson plc had 500,000 ordinary shares of 25 pence each in issue together with 300,000 7.5% preference shares of £1 each. The balance on Halyson’s retained earnings at 1 July 2019 is £5,200,000.

Halyson plc is proposing a bonus issue of seven new ordinary shares for every two ordinary shares currently held. Once this bonus issue is complete, a rights issue will be made of five new ordinary shares for every three ordinary shares held at a price of £0.95. These transactions will take place on 1 April 2020.

On 28 June 2020, Halyson plc will pay the preference dividend for the year and a total ordinary dividend for the year of 30 pence per share. The loss for the year to 30 June 2020 is expected to be £1,500,000.

Required

Calculate for Halyson plc:

(a) The number of bonus shares to be issued

(b) The par value of the bonus shares to be added to ordinary share capital

(c) The number of ordinary shares to be issued in the rights issue

(d) The amount to be added to ordinary share capital and share premium as a result of the rights issue

(e) The preference dividend for the year to 30 June 2020

(f) The ordinary dividend for the year to 30 June 2020

(g) The balance on the ordinary share capital account on 30 June 2020

(h) The expected balance on retained earnings at 30 June 2020