Question: I have difficulty understanding the working steps for this question. Can someone please show and explain to me as detailed as possible? Thank you in

I have difficulty understanding the working steps for this question. Can someone please show and explain to me as detailed as possible? Thank you in advance ^^

5. On 1.1.18, the equity of Company 5 was as follows: Share capital: 50,000 shares of 50p each Share premium: Retained profits: 25,000 6,000 290,000 321,000 On that day, the company made a rights issue, issuing 50,000 shares for 1.30 each and then made a 8 for 5 bonus issue. A dividend of 15p per share was then paid. What will the balance be on the retained profits at the end of the day, assuming the company offsets the bonus issue against the share premium, to the extent that is possible? Retained profits 347,000 217,000 251,000 244,600 d

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