53.A shareholder of Apolonia Ltd holds 20,000 shares representing 5% of the total number of shares issued. These shares were issued for $29 each but the shareholder has only paid $9 for each share. Apolonia Ltd has been wound up with outstanding debts of $56 million.

State, to the nearest whole dollar, the amount of the shareholder's liability.

54.During the current period, Sparta Ltd sold a retail property for $37 million. The property was acquired for $15 million 12 years ago and at the time of the sale it had a carrying amount of $27 million.

State, in dollar millions, the gain or loss on the sale of the property. Designate any loss calculated by preceding your figure with a negative sign.

55.Olimpik Constructions Limited recognises revenue by applying the percentage of completion method.

A current project expected to take 6 years to complete commenced in 2020. The contract price is $95 million and Olimpik Constructions Limited expects the total cost of the project will be $41 million.

Calculate, to the nearest whole dollar, the revenue Olimpik Constructions Limited would recognise for the year ended 30 June 2022 if the costs incurred in the period were $8 million.