At 30 June 2018 the capital and reserves of Sherry Kingh Ltd, a limited liability company, were:

$m

Share capital

Ordinary shares of $1 each 100

Share premium account 80

During the year ended 30 June 2019, the following transactions took place:

1 September 2018 A bonus issue of one ordinary share for every two held, using the share premium

account.

1 January 2019 A fully subscribed rights issue of two ordinary shares for every five held at that

date, at $150 per share.

What would the balances on each account be at 30 June 2019?

Share capital Share premium account

$m $m

A 210 110

B 210 60

C 240 30

D 240 80