Issued 1 million ordinary shares with nominal value of 10p for 2.50 and then issued bonus shares, in respect of all its shares, on a 1 for 5 basis. Before the share issue, Shark's share capital and reserves were as follows: Ordinary share capital (nominal value 10p) Ordinary share premium Preference share capital Profit and loss reserve 250,000 750,000 200,000 8,000,000 Required: Show how the above transaction will be treated in the final accounts of Shark Plc for the year ended 31 December 2006 in accordance with standard accounting practice