3. On January 1, 2020 ABC company issued 10,000 shares of $10 par value preference shares for $14 cash per share. When ABC prepare the journal entry , one of the following account will appear: (1 Point) Dr. Share premium - preference 40,000 Dr. Cash 100,000 Cr. Share premium - ordinary 40,000 Cr. Share capital - preference 140,000 4. ABC Co. had lands at cost of $200,000, and the fair value of the lands was $250,000 on December 31, 2019. On January 21, 2020, when the fair value of the lands was $230,000, ABC declared a property dividend whereby the lands are to be distributed on March 10, 2020, to shareholders of record on February 15, 2020. When ABC record the entry on declaration date, one of the following will appear correctly: * (2 Points) Cr. Retained earnings 250,000 Dr. Land 50,000 Dr. Land 30,000 Cr. Properties dividends payable 200,000