7) On January 1, 2021 Sky Ltd. has 10,000 shares issued and outstanding with a market value of $23,000. On November 30, 2021, Sky Ltd. declares and issues a 3 for 1 share split. After the share split the shares were trading (selling) for $.70/share. After the share split the total value of the shares issued and outstanding will be? (Worth 1 of the 15 marks) a) $21.000 b) $23,000 c) $7.000 d) $69.000 8) Restrictions on retained earnings can be? (Worth 1 of the 15 marks) a) Limits that identify how much of the retained earnings balance is not available for dividends or the repurchase of shares b) Statutory limits set by government c) Due to loan agreements d) Set by a corporation's directors in order to limit dividends and maintain cash e) All of these answers