Part B Question 1 Bradford Co. Ltd. Shareholders' Equity \begin{tabular}{lr} \hline Preference shares, 12%,$1 par, 50,000 shares authorized & $50,000 \\ Ordinary shares, \$2 par, 30,000 shares authorized & 46,000 \\ Share premium: Ordinary shares & 50,000 \\ Retained earnings & $30,000 \\ & $176,000 \\ Less: Treasury shares ( 500 ordinary shares at cost) & $1,000 \\ Total Shareholders' Equity & $171,000 \end{tabular} Answer the following questions for Bradford Company \begin{tabular}{|l|l|l|} \hline & & No. of shares \\ \hline a. & How many ordinary shares are issued? & \\ \hline b. & How many preference shares are issued? & \\ \hline c. & How many ordinary shares are issued and outstanding? & \\ \hline d. & How many preference shares are issued and outstanding? & \\ \hline e. & \begin{tabular}{l} How many of the ordinary shares are eligible for dividends \\ when dividend is declared and paid? \end{tabular} & \\ \hline f. & \begin{tabular}{l} How many of the preference shares are eligible for dividends \\ if dividends is declared and paid? \end{tabular} & \\ \hline g. & What is the issued price/share of the preference shares? & \\ \hline h. & What is the cost/share of the treasury shares acquired? & \\ \hline \end{tabular}