a) For each of the following events, identify the impact on a company's assets, liabilities and shareholders' equity:

declare a dividend

pay a dividend

how to create general reserve

how to create revaluation surplus

make a bonus issue of shares

b) Calculate the profit of a company for a year given that:

assets went up by $35800 (part of this increase was the result of land being revalued upwards by $25 000)

liabilities went down by $16 700

shareholders contributed $6,000 in new capital

dividends distributed to shareholders amounted to $8 500 (these dividends were declared and paid in the current year)

debt of $14 000 was reduced by an exchange for an equivalent amount of ownership capital.