Question: After formation on Auguit 1 , 2 0 2 4 , the ledger accounts of the Cakes Corporation have the following balancer: table [

After formation on Auguit 1,2024, the ledger accounts of the Cakes Corporation have the following balancer:
\table[[Accrued expenses,P $0,000],[Accounts paryable,400,000],[Accounts receivable,220,000],[Allowance for uncollectible accounts,20,000],[Building,1,000,000],[Cash,160,000],[Ordinary shares, P250 par, $0,000 shares authorized,1,513,000],[Substribed ondinary shares,80,000],[Furniture and fistures,250,000],[Merchandise inventory,1,000,000],[Notes payable -200 days,250,000],[Organization expense,30,000],[Share premium = ordinary,60,000],[Share premium - preference,30,000],[Preference shares, 10% noncumulative and nonparticipating P500 par, 5,000 shares authoriaed,250,000],[Suburibed preflerence shares, 101, P500 par,100,000],[Subucriptions receivable - ordinary,41,000],[Suburiptions receivable - preferente,52,000]]
fiequired:
Compute the flollowing
a. Outstanding ordinary shares
b. Number of endinary shares whowled
c. Outstanding preference shares
d. Number of preference shares subsoritied
e. Legal capital
Contributed capital
Prepare a clarsified statement of financial porition for Cakes Corporation immediately after formation.
After formation on Auguit 1 , 2 0 2 4 , the

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