Case study 2: Scenario 1: ABC S.A.O.G was incorporated with an authorized capital of 500 million shares ordinary shares of 200 bazia each. The company has in issue 350 million shares. On 15th April 2016, the company has repurchased 15 million shares at the rate of RO 5.50 each after the completion of all the requirements posed by Capital Market Authority - CMA. The general rules set by CMA is that the company cannot repurchase more than 10% of its share capital at one time and there should be a minimum gap of 2 years between any repurchase. On 13th October 2019, the company has again repurchased 11 million shares at the rate of RO 7.250 each. Analyze the above situation and answer the following questions: a. Explain in your own words the impact of such repurchase on company's issued capital? Justify it with proper calculations? (1.5 marks - Min 75 words) b. Has the company carried out the procedure of repurchase within the guidelines of CMA or not? Justify your answer with necessary data? (1.5 mark Min 75 words) c. What is the impact on a corporation's financial statements if such repurchased stock is re issued OMR 6.250 each? Support your answer with necessary calculations? (2 mark - Min 100 words)