Question 1 Bradford Co. Ltd. Shareholders' Equity Preference shares, 12%, $1 par, 50,000 shares authorized Ordinary shares, $2 par, 30,000 shares authorized Share premium: Ordinary shares Retained earnings $50,000 46,000 50,000 30,000 $176,000 5,000 $171,000 Less: Treasury shares (500 ordinary shares at cost) Total Shareholders' Equity Answer the following questions for Bradford Company No. of shares a. b. c. d. e. How many ordinary shares are issued? How many preference shares are issued? How many ordinary shares are issued and outstanding? How many preference shares are issued and outstanding? How many of the ordinary shares are eligible for dividends when dividend is declared and paid? How many of the preference shares are eligible for dividends if dividends is declared and paid? What is the issued price of the preference shares? What is the cost of the treasury shares acquired? f. h