interest payable is understated 13 Stanly Co is trying to prepare the statement of changes in equity for 2020. At the beginning of 2020, the par value of preference shares is 50 per share, and the par value of ordinary shares is 10 per share. Here are the transactions which should present in the statement Transaction 1: On January 10,...???.... Transaction 2: On March 3, Stanly purchased 10,000 ordinary shares for the treasury at 30 per share Transaction 3: On March 28, Stanly sold 5,000 treasury shares for cash at 28 per share. Transaction 4: On April 10, Stanly sold 3,000 treasury shares for cash at 32 per share. Transaction 5: On April 17, Stanly sold 2,000 treasury shares for cash at 26 per share Transaction 6: On July 1, Stanly effected a 2-for-1 share split. (Don't forget the effect of a share split to par value and the number of shares) Transaction 7. On November 15, declared a 10% share dividend to ordinary shareholders. The ordinary shares were sold at 11 per share. (Don't forget the result of transaction 7) Transaction 8: Stanly earned a net income of 1,500,000 For some boring purposes, Stanly classified some numbers. So, we need your help to decrypt (). Abbreviation for the statement(s); SIC-P: Share Capital - Preference: S/C-O: Share Capital - Ordinary: OSDD: Ordinary Share Dividends Distributable; S/P-P: Share Premium - Preference, S/P-O: Share Premium - Ordinary: SIP-T: Share Premium - Treasury, R/E: Retained Earnings: T/S: Treasury Shares. TIS Total Stanly Co. Statement of Changes in Equity For the Year Ending December 31, 2020 SC-P SIC-O OSDD SP-P SP-O S/P-1 RE 2000.000 1.000.000 1.400.000 600.000 1. 3.000.000 Bal Tan Abbreviation for the statemented:26: S/C P Share Capital - Preference, S/C-O: Share Capital - Ordinary, OSDD Ordinary Share Dividends Distributable, S/P.P. Share Premium - Preference, S/P O: Share Premiurn - Ordinary, S/P-T Share Premium Treasury, RE Retained Earnings. T/S Treasury Shares Total T/S -0- Stanly Co. Statemeat of Changes in Equity For the Year Ending December 31, 2020 S/C-P S/C-O OSDD S/P-P S/P-O S/P-T RE 1,000,000 4,000,000 -0- 400,000 600,000 -0- 3.000.000 200,000 360,000 (300,000) (0) Bal. Jan. 1 Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 7 Transaction 8 Bal., Dec. 31 (d) ch 1.500.000 (e (e) ch (1) Which of the following is the best description of the transaction that occurred in transaction 12 (A) Stanly acquired a building by issuing 20,000 ordinary shares. The owners' asking price for the building was 560,000, and the fair value of the building was 580,000. (Assuming that Stanly is a closely held corporation). (8) Stanly acquired a building by issuing 20,000 ordinary shares. The owners' asking price for the building was 580,000. The fair value of the shares was 28 per share. (Assuming that Stanly is a publicly held corporation) (C) Stanly issued 20,000 preference shares for cash at 28 per share (D) Stanly purchased 20,000 of its ordinary shares at $28 per share. (E) The other four options are all incorrect. (1)ANS: (Please fill in the English capital code A, B, C, D or E) (II) For transaction 4 (On April 10, Stanly sold 3,000 treasury shares for cash at 32 per share.), please fill in the numbers of (a) and (b). (2)ANS:(a) __:(3)ANS:(b) (format for positive numbers: 00000; format for negative numbers: (00000): if the number should be 0. FILO.] (IU) For transaction 5 (On April 17, Stanly sold 2,000 treasury shares for cash at 26 per share.), please fill in the (c) 1.500.000 mcco Thectica 4 Tractions Traction 7 Transactions Bal, Dec. 31 (1) Which of the following is the best description of the transaction that occurred in transaction 12 (A) Stanly acquired a building by issuing 20,000 ordinary shares. The owners' asking price for the building was 560,000, and the fair value of the building was 580,000. (Assuming that Stanty is a closely held corporation) (8) Stanly acquired a building by issuing 20,000 ordinary shares. The owners asking price for the building was 580,000. The fair value of the shares was 28 per share. (Assuming that Stanly is a publicly held corporation) (C) Stanly issued 20,000 preference shares for cash at 28 per share (D) Stanly purchased 20,000 of its ordinary shares at $28 per share. (E) The other four options are all incorrect (1)ANS: (Please fill in the English capital code A, B, C, D or E) (II) For transaction 4 (On April 10, Stanly sold 3,000 treasury shares for cash at 32 per share), please fill in the numbers of (a) and (b) (2)ANS:(a). ; (3)ANS:(b) [format for positive numbers: 00000 format for negative numbers: (00000); if the number should be 0, fill 0* (III) For transaction 5 (On April 17, Stanly sold 2,000 treasury shares for cash at 26 per share.), please fill in the numbers of (C) and (d). (4)ANS:(c) 3 (5)ANS:(d) [format for positive numbers: 00000, format for negative numbers: (00000), if the number should be 0.fill0] (IV) For transaction 7 (On November 15, declared a 10% share dividend to ordinary shareholders. The ordinary shares were sold at 11 per share.), please fill in the numbers of (e) to (h). (6)ANS:(e) ___ ;(7)ANS:(f) _____i (8)ANS:(g). : (9)ANS:(h) [format for positive numbers: 00000; format for negative numbers: (00000); if the number should be 0 fall 0.1 (V) What is the amount of total equity that Stanly Co. should report at the end of 2020? (10)ANS: (format: 00000) Fill in Blanks (20 Points) (Please fill in the answers in the order of the questions)