6:05 Compute for the following questions below based on this problem. The Shareholders' Equity section of Camil Company showed the following data on December 31, 2020: Ordinary share, Php3 par; 300,000 shares authorized, 250,000 shares issued and outstanding, Php750,000; Share Premium, Php7,050,000; Share Options Outstanding, Php150,000; Retained earnings, Php480,000. The share options were granted to key executives and provided then the right to acquire 30,000 ordinary shares at Php35 per share. The company assigned fair value to the options at the date of grant based on IFRS 2. The following transactions occurred during 2021: Mar 31 Key executives exercised 4,500 options outstanding at December 31, 2020. The market price per share was Php44 at this date. April 1 The company issued 10%, 10 year bonds of Php2,000,000 at face, giving each Php1,000 bond a detachable warrant, enabling the holder to purchase two shares of ordinary at Php40 each for a one year period. The bonds would have sold to yield 12%. Interest ja payable annually at March 31. (Round present value factor to five decimal places) June 30 The company issued rights to shareholders (one right on each share, exercisable within a 30-day period) permitting holders to acquire one share at Php40 for every 10 rights submitted. Shares were selling for Php43 at this time. All but 6,000 rights were exercised on July 31, and the additional shares were issued. Sept 30 All warrants issued with the bonds on April 1 were exercised. Nov 30 The market price per share dropped to Php33 and options came due. Because the market price was below the option price, no remaining options were exercised Dec 31 Profit for the period is Php600,000. Discovered that 2020 depreciation was understated by Php40,000. Income tax rate is 30%. What should be the balance of 1 point ordinary shares on December 31, 2021? O 850,050 O 961,875 O 845,850 O 1,515,000 Clear selection E O6:05 N To Ill . 271 What is the amount of Retained 1 point Earnings at December 31. 2021? O 1,040,000 O 1,052,000 O 1,120,000 O 480,000 Clear selection What is the amount credited to 1 point equity on April 1 upon issuance of 10 year bonds? O O 245,777 O 226,016 O not determinable Clear selection How much interest expense 1 point6:05 0 O E docs.google.com How much interest expense 1 point should be recognized for the year 2021 relating to bonds? Clear selection What is the carrying value of 1 point the bonds on December 31, 2021? 0 2,000,000 1,786,864 0 1,773,986 0 1,783,643 Clear selection