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2. The shareholders equity of Cupcake at the end of 2022 and 2021 2022 12% preference shares, P100 par P1,200,000 Ordinary shares, P20 par

2. The shareholders equity of Cupcake at the end of 2022 and 2021 2022 12% preference shares, P100 par P1,200,000 Ordinary shares, P20 par 2,000,000 Share premium - preference 200,000 Share premium- ordinary 1,000,000 a. What is the total number of ordinary shares issued as of December 31, 2022? 2021 P800,000 600,000 400,000 b. How many preference shares were issued in 2022? c. What is the average issue price of preference for shares issued in 2022? d. How many ordinary shares were issued in 2022? e. What is the average issue price of the ordinary shares issued in 2022?

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