Answer the following multiple$-$choice questions. Indicate your choice by selecting only one option from the four options given for each question answered. Round off all calculations to the nearest Rand or $2$nd decimal $\%,$ where applicable.

Use the following information to answer questions $12$:

Lala Ltd$,$ with a financial year ending on $31$ December $2023,$ issued share capital upon incorporation on $1$ January $2021.$

At the beginning of the year, the following information was available:

$600,000$ ordinary shares were issued at R$7$ each at incorporation. On $1$ July $2021,200,000$ cumulative preference shares, with a $15\%$ dividend rate, were issued at R$8\mathrm{.}00$ each. On $1$ October $2022,240,000$ non$-$cumulative preference shares, with a $10\%$ dividend rate, were issued at R$9\mathrm{.}00$ each. Retained earnings as of $1$ January $2023$ were R$641,400.$

The following equity$-$related transactions for the current financial year have not yet been recorded in the accounting records:

On $1$ June $2023,50,000$ ordinary shares were issued at R$10$ per share. Share issue expenses amounted to R$5,000,$ which must be written off against retained earnings. On $1$ July $2023,$ a capitalization issue was made, issuing one new ordinary share for every five ordinary shares held, at R$11$ per share. The total comprehensive income for the year amounted to R$990,000.$

QUESTION $12$:

REQUIRED:

Assuming dividends have not been declared since incorporation, what is the amount of total dividends outstanding $($Liability$)$ as of $31$ December $2023?$

$1.$

R$600000$

$2.$

R$978000$

$3.$

R$852000$

$4.$

R$252000$