im in a hurry, please

QUESTION 7(18 marks) At December 31, 2019, the records of Bumper Corporation provided the following selected and incomplete data about the shareholders' equity section of the statement of financial position: Preference shares, 7%, S par value, 500 shares authorized, issued, and outstanding $ 200.000 Ordinary shares, $80 par value, 7,000 shares authorized: cash collected in full, S510,000 480,000 Retained earnings 1,170,000 Treasury shares, cost of $20 per share 40,000 Required: (Show all calculations and round ALL answers to 2 decimal places.) a. What is the par value of Bumper Corporation's preference share per share? (1 mark) b. How many ordinary shares are outstanding? (3 marks) e. What was the average issue price per share of the ordinary share? (2 marks) d. What is the total amount of shareholders' equity? (2 marks) e. Assume the board of directors declares dividends totaling $43,000 to the shareholders. The preference share is cumulative, and no dividends were declared last year. Calculate the amount per share each class of share will receive. (4 marks) f. Assume Bumper Corporation reissued 200 treasury shares for cash of $6,000. Prepare the journal entry to record the transaction. Explanation for the journal entry is NOT required. (3 marks) g. Explain how the transaction in (f) affects the corporation's revenue or expense of the period and the effect on the shareholders equity. (3 marks) QUESTION 1 (10 marks) You are the loan officer of a multinational bank. A small company, Samson Company, would like to apply for a loan. In support of the loan application, Samson Chan, owner, submitted a Trial Balance for the first year of operations ended on December 31, 2019. You have asked the company to submit other financial statements that include Income Statement, Statement of Financial Position and Cash Flow Statement for evaluating the performance of the company. Samson Company Trial Balance December 31, 2019 S Supplies 6,400 Machinery 187,300 Equipment 68,000 20.500 Share capital 160,000 Service revenue received 391,120 Salaries paid 121.000 Utilities paid 8.000 Rent paid 130.000 Insurance paid 9,920 551,120 551,120 Cash In discussing the Trial Balance with Samson Chan, you asked whether adjusting entries have been prepared to get the accounts up to date for the Trial Balance. Samson Chan answered that they have not been adjusted. Required: a. Explain why the bank would need to read other financial statements such as Income Statement. Statement of Financial Position and Cash Flow Statement. (3 marks) b. Explain why the loan officer suspected that the accounts had not been adjusted prior to the preparation of the Trial Balance, (3 marks) c. Indicate FOUR possible adjusting entries that might be necessary before an accurate set of financial statements could be prepared. (4 marks)