8 98 21 Elves Ltd. owns 160,000 shares of Rogue Ltd common shares, which are being accounting for by the equity method. On December 15, 2021, when Elves "Investment in Common Shares of Rogue Ltd account has a carrying value of $7.50 per share, Elves declares all these shares to its shareholders as a property dividend, to be distributed on December 31, 2021. Elves had originally paid $12 for each share. Rogue has 1,50 11 12 market price was $10 the distribution date shareholders' equity as 4 15 18 110 21 21 Issued and outstanding, for which the quoted on the declaration date and $13.50 per share on e taxes, what would be the reduction In Elves he above transactions? [Insert your answer in the box below. Your answer should only involve digits/numbers. Do not use a dollar sign ($) or a comma () in your answer (the system will give you an error message). For EPS calculations, use 2 decimal places.) Your Answer: Answer Question 18 (2 points) Saved On July 2, 2021, Martineau Ltd. issued $6,000,000 (par value). 9%, ten-year convertible bonds at 98. The bonds were dated April 1, 2021 with interest payable quarterly on July 1, October 1, January 1 and April 1. If the bonds had NOT been convertible, they would have sold for 96.1. The bond discount is amortized on a