QUESTION 2 Lysol Co Ltd commenced operations on April 1, 2020, with authorized share capital camprised 300, 000 ardinary shares of $0.75each and 150,0005% prefereince shares of $1.25 each. At that date, the company issued 80% of its ordinary shares for $1.25 and 60% of its preference shares for $2.00. During that year ended 31 March 2021, the company dedared and paid an ordinary dividond $010 per share along with preference dividends due. REQUIRED: (a) Calculate the value of dividends paid by the company during the financial year ended March 31, 2022. (5 marks) (b) Calculate the value of the ordinary share capital, 5% preference shar e capital and share premium. (8 marks) (c) Journalize the above transactions reflecting the issue of the shares and the paymen't of dividends. (2 marks)