Everest (Pty) Ltd sells camping equipment. The demand for camping equipment increased as people prefer to travel locally due to the pandemic-related travel restrictions. The following balances were extracted from the general ledger of Everest (Pty) Ltd for the financial year ended 31 May 2022: Additional information 1. The following information was obtained from the statement of profit or loss and other comprehensive income of Everest (Pty) Ltd for the year ended 31 May 2022: Dividends paid as disclosed in the cash flow statement of Everest (Pty) Ltd amounts to: a. R684000 b. R484 800 c. R600 000 d. R609800 The proceeds from the issue of shares as disclosed in the cash flow statement of Everest (Pty) Ltd amounts to: a. R950 000 b. R450 000 C. R500000 d. R650 000 3. The authorised share capital since the day of incorporation was 1000000 shares and at the beginning of the current financial year 500000 shares were already issued. On 5 March 2022, Everest (Pty) Ltd issued new shares to existing shareholders at R1 per share. Consequently, Everest (Pty) Ltd only had 50000 authorised shares remaining. All shares were fully paid at the issue date. On 30 November 2021, an interim dividend of 25c per share was paid and a final dividend of 50c per share was declared on 15 May 2022. 4. Included in trade and other payables is the following: Income tax payable \begin{tabular}{cc} 2022 & 2021 \\ R & R \\ 18500 & 12100 \end{tabular} 5. On 1 October 2021 land was revalued at R2 200 000. Everest (Pty) Ltd purchased new land for expansion purposes on 1 November 2021, financed through an increase in the long-term loan. Interest on the loan is payable annually in arrears and does not qualify for capitalisation. No other revaluations or purchases took place on land during the current financial year. The auditors advised that it would add to the completeness and understandability of the statements when the inflows and outflows from loans are disclosed separately, hence this approach was adhered to. 6. The company sold a portion of its financial assets in the current financial year and proceeds amounted to R150 000. The company's financial assets are held for trading. 7. A debtor, Mr X Plore, paid his account of R9 300 on 18 November 2021. The accountant mistakenly recorded this transaction twice. 8. Interest paid for the current financial year amounted to R59 100 and taxation paid for the current financial year totalled R218 850