Question 1 During the year 2019, XYZ companyissued shares to public. Following are some of the shares related transactions that had happened in 2019 (1) On January 4, 2019,10,000 ordinary shares were issued with a par value of $ 1 and market price of $ 20 (2) On February 5, 2019, the Comapanyissued 1,000 ordinary shares of $ 1 par value, and 1,000 preference shares of$ 1 par value when the fair value of the ordinary shares is $ 18 each and the fair value ofthe preference share is $ 17 each respectively. The total sale amount realized was $ 33,000 (3) On April 2, 2019 the Comapanyissued 2,000 ordinary shares of $1 par value, and 2,000 preference shares of$ 1 par value whenonly the fair value of the ordinary is known and its $ 21. the total sale amount of $ 60,000 Required (a) Prepare the issuance entries for each ofthe above transactions (show calculations clearly) (20 marks) (6) State some of the special characteristics of Corporate fom of an organization (5 marks) Activate (20+50 25 marks)