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Please manual and step by step The following section of shareholder's equity is extracted from the balance sheet at 31 December 202, the year-end of

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The following section of shareholder's equity is extracted from the balance sheet at 31 December 202, the year-end of Walter White Company ('WWC'): Additional information: (a) In 20x1, WWC declared and paid $20,000 of cash dividends for cumulative, non-participating preference shares. (b) The 150,000 shares of non-cumulative, participating preference shares were issued at 1 April 202. (c) At the year-end of 202, the board of directors of WWC declared 1 for 8 bonus issue to ordinary shareholders at the original share price and $100,000 of cash dividends for all categories of shares after that. Required: 1 Prepare journal entries to record the declaration of bonus issue and dividends at the year-end of 202. Explanations are not required. ( 4 marks) 2 Prepare journal entries to record the payment of bonus issue and dividends for 202. Dates and explanations are not required. (4 marks) 3 Calculate the dividend distributable to each type of share in 202. (17 marks)

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