Consider the following scenarios: Scenario 1: The following information appeared in the books of Micky Ltd on 28 February 2014, the end of the financial year: Issued share capital: 150000 ordinary shares at R1.50each. 5000012% preference shares at R2 each. On I February 2014, a final dividend of 25c per ordinary share was declared at the AGM. The share register closed on 20 February 2014 and the dividend is payable on 28 February 2014 to registered shareholders as per share register. Required: Answer the following questions: 1. What is the par value of the issued preference shares? 2. Calculate the total issued share capital as at 28 February 2014 . 3. Calculate the provision for a dividend on 28 February 2014. 4. Record the following in the general journal and general ledger: - Provision for dividend. - Payment of dividend. - Cosing transfers at the end of the financial year, 28 February 2014