The following balances were taken from the book of Don Plc on 31 December 2018: Ordinary...

 

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The following balances were taken from the book of Don Plc on 31 December 2018: Ordinary shares at $1: Fully paid $600,000 15% Preference shares at $1: Fully paid $200,000 Share premium $80,000 General reserve $180,000 Retained earnings $95,000 Interim dividend paid - Preference shares $10,000 - Ordinary shares $30,000 $158,000 Profit for the year Additional information: The Board of Director of Don had decided to make a 3 for 2 right issue at $5 (market price is $8) on 30 November 2018. After a month of the right issue, the Board of Director of Don make a 5 for 1 bonus issue. Subsequently, the Board of Director of Don also declared the 10% ordinary dividend and preference dividends. Assume the ordinary dividend had approved by the shareholders. Required: Prepare the extract of Statement of Changes in Equity as at 31 December 2018. You are required to show all the workings. The following balances were taken from the book of Don Plc on 31 December 2018: Ordinary shares at $1: Fully paid $600,000 15% Preference shares at $1: Fully paid $200,000 Share premium $80,000 General reserve $180,000 Retained earnings $95,000 Interim dividend paid - Preference shares $10,000 - Ordinary shares $30,000 $158,000 Profit for the year Additional information: The Board of Director of Don had decided to make a 3 for 2 right issue at $5 (market price is $8) on 30 November 2018. After a month of the right issue, the Board of Director of Don make a 5 for 1 bonus issue. Subsequently, the Board of Director of Don also declared the 10% ordinary dividend and preference dividends. Assume the ordinary dividend had approved by the shareholders. Required: Prepare the extract of Statement of Changes in Equity as at 31 December 2018. You are required to show all the workings.