Question 1 The Shine Properties Ltd has found itself in financial difficulty. The following is the trial balance as at 31 December 2022 extracted from the books of the company. Other information > During the meeting of shareholders and directors, it was decided to carry out a scheme of internal reconstruction. The following scheme has been agreed: i. The ordinary share capital to be reduced by 75%, such ordinary shareholders accepted a reduction of ordinary share capital and subscribed for a new issue of $60,000 ordinary share capital. ii. The existing 5\% preference share capital to be exchanged for new issue of 8% preference share capital at $35,000 and ordinary share capital at $35,000 iii. The debenture holders are to accept $5,000 ordinary shares in lieu of interest payable; the interest rate is to be increased to 9.5%; a further $9,000 of this 9.5% debenture is to