inefilm (CF) is an entertainment and media company established in 1982 by two rothers in Toronto. CF has grown into a large, nationally recognized company that is ublicly traded on the TSX with the symbol CF. CF has three operating segments: novie theatres, streaming content, and advertising. he CFO and accounting department are currently analyzing the following issues in reparing the year-end financial statements. a) During the year, CF launched a new loyalty program called the Movie Points Program (MPP). Individuals can sign up for a loyalty card and earn one movie point (1 MP) for every movie ticket purchased. Seven MPs are required for a free movie. The program has been very successful, and 345,548 MPs were issued during 2023 , with 25,152 free movies being awarded. Management expects that 14% of the points will never be redeemed (that is, 1 of 7 points). No journal entries have been recorded in the financial statements related to the MPP. On average, a movie ticket has a retail value of $10, and a total cost of $3. b) On January 1, 2021, the company issued a \$1-million, five-year bond with a coupon rate of 5% when the market rate was 6%. The bond pays interest annually and has no conversion features. The bond was issued for $957,876. On December 31, 2023, the company reacquired the bond for $950,000. The bond discount is amortized with the effective interest method. c) On December 1, 2023, the company reacquired 210,000 common shares at a price of $60 per share. Prior to the acquisition, the shareholders' equity section of the SFP was as follows: Preferred shares (250,000 authorized, 250,000 issued) cumulative dividend of $1 per share $2,500,000 Common shares (unlimited authorized, 9,500,000 issued) 228,000,000 Contributed surplus, common share retirement 545,000 Retained earnings 125,575,000 d) On December 31, 2023, the board of directors declared a total dividend of $714,500 to be paid out to the preferred and common shareholders. Part A: Movie Points Use the following template to determine the amount of revenue that must be deferred loyalty program. In addition, calculate the estimates "cost of sales" associated with this liability, and record the amount to "Advertising Expense" and "Estimated Loyalty Program Liability". Part B: Bond Derecognition Prepare the bond amortization schedule up to December 31, 2023. Round your answers to the nearest dollar. Once that is completed, record the journal entry to reflect the derecognition of the bond. Part C: Share Reacquisition Prepare the journal entry to record the reacquisition of the common shares. Part D: Dividend Payment Calculated the dividend per share for the common shareholders