Please answer Q3 of my assignment thx

Below is the information for AC company. The following activities took place during 2012: Jan. I -A 5% ordinary share dividend was issued. The dividend had been declared on Dec 1, 2011, to all shareholders of record on Dec. 29, 2011. Apr. 1 -A total of 400 000 shares of $3 convertible preference shares were converted into ordinary shares The company issued new ordinary shares and retired the preference shares. This was the only conversion of the preference shares during 2012. Jul. 1-A 2-for-1 split of the ordinary shares became effective on this date The board of directors had authorized tire split on Jun.1. Aug. 1 - A total of 300.000 ordinary shares were issued to acquire a factory building. Nov. 1 - A total of 24.000 ordinary shares were purchased on the open market at $9 per share These shares were to be held as treasury shares and were still in the treasury as of Dec.31, 2012. Ordinary share cash dividends-Cash dividends to ordinary shareholders were declared and paid on Apr.15: $0.30 per share, and Oct. 15: $0.2 per share. Preference share cash dividends-Cash dividends to preference shareholders were declared and paid as scheduled. Net income for 2012=S10.892.200. Income tax rate: 40%. Convertible preference shares: 1.200.000 shares. S25 par value, arc authorized. On July 1.2011.700,000 shares had been issued and outstanding. Each share had a cumulative dividend of $3 per share. Each share is convertible into 1 ordinary share. The rate of conversion is to be automatically adjusted for share splits and share dividends. Dividends are paid quarterly on Sep. 30, Dec. 31, Mar. 31. and Jun.30. Ordinary shares: 7, 500,000 shares. $10 par value, were authorized. As of Dec. 31.2011, 2,000,000 shares had been issued and outstanding. The market prices per ordinary share were as follows: $20 on July 1, 2011, $21 on Jan, 1, 2012, $25 on Apr. 1, 2012. $11 on Jul. 1. 2012, $10.5 on Aug. 1, 2012, $9 on Nov. 1, 2012, and $10 on Dec. 31, 2012