Question 1 The directors of Butland18 Ltd provided the following information in addition to the statement of changes in equity for the year ended 30 September 2018. During the year ended 30 September 2018: $17,500 was received from an issue of ordinary shares of $0.25 each at a premium of $0.10 The company made a profit for the year of $10,000 a dividend of $0.04 per share was paid (a) Calculate for the year ended 30 September 2018: (i) the number of ordinary shares issued Ans given: 50,000 shares (1) (ii) the total amount of dividend paid Ans given: $11,600 (2) (b) Complete the statement of changes in equity for the year ended 30 September 2018 (8) Total $ Butland18 Ltd Statement of changes in equity for the year ended 30 September 2018 Share capital Share Retained $ premium earnings $ $ Balance at 1 October 2017 60,000 10,000 83,600 Share issue Profit for the year Dividend Balance at 30 September 2018 153,600