Part l: Problem Solving. Write the correct answers on the space provided located at the answer sheet. A. The following accounts appear in the trial balance of Nestea Corporation as of December 31, 2016: Preference Share Capital, par P100, authorized 50,000 shares Subscribed Preference Share Capital Subscription Receivable, Preference Shares - Current Authorized Ordinary Share Capital, P100 stated value Unissued Ordinary Share Capital Ordinary Share Premium Preference Share Premium P 1,700,000 200,000 150,000 1,000,000 500,000 55,000 300,000 Compute for the following: 1. No. of preference shares available for subscription 2. Legal capital 3. Total amount of contributed capital 4. No. of unissued preference shares 5. Average price of the ordinary shares issued