120 minutes PPLE CHOICE C ve outstanding at December 31, 2020 if the bos ceive 110th of what the ordinary shareholders w receive the e30,000 das restricted retained eamings and paid out at some future d preference shareholders will receive 15,000 and the ordinary shareholders receive 15,000 A Lawyer performed legal services for Canada Corp. Due to a cash shortas agreement was mached whereby Canada Corp. would pay the Lawyer a legal approximately $20,000 by issuing 5,000 ordinary shares (par $1). The shares tra daily basis and the market price of the shares on the day the debt was settled in share. Given this information, the journal entry for Canada Corp. to record this tram # Legal Expense Share Capital-Ordinary b. Legal Expense Share Capital-Ordinary C Legal Expense Share Capital-Ordinary Legal Expense Share Premium-Ordinary Share Capital-Ordinary Share Premium-Ordinary 15,000 15. 20,000 20 20,000 1 15,000 Share dividends and share splits have the following effects on retained earn Share Splits Share Dividends Increase No change No change C Decrease Decrease Decrease d. No change No change 3