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Mistik Limited contributed share capital as of 1 July 2019 was $400,000, with 400,000 shares on issue. On 30 June 2021, a 10% share dividend

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Mistik Limited contributed share capital as of 1 July 2019 was $400,000, with 400,000 shares on issue. On 30 June 2021, a 10% share dividend was declared when the estimated price per share was $4, and the shares were distributed on the day. Required: (a) What is the total value of Mistik Limited's contributed share capital as at 30 June 2021 after the is the total value of Mistik Limited's contributed share capital as at share dividend transaction? (b) If instead a four for one share split was declaredt and the additional shares were distributed on 30 June 2021, what would be the total value of Mistik Limited's contributed share capital as at 30 June 2021 after the share split transaction? (c) Mistik Limited's Chief Financial Officer, Tim Jordon, wants your opinion on the following comment made by the president, Joe Preston: "I don't see a difference between a share split after which shareholders hold twice the shares as before and a 100% share dividend. In either case, the overall effect is the same: no change to total assets or total equity and a reduction in the market price per share." Do you agree? Explain. (d) Explain what treasury shares are, and explain the purpose behind treasury shares from the perspective of the company holding them

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