Question 2 (30 Marks) a. Share capital refers to the funds that a company raises in exchange for issuing an ownership interest in the company in the form of shares. Explain the different types of share capital. (10 Marks) b. List the different types of errors that are revealed by trial balance easily. (10 Marks) c. Sara, Fatima and Elnaz operate a business organized as a partnership to which each has contributed $ 600,000 in capital. During their accounting years they made a profit of $450,000. Drawings amounted to $50,000 for Sara, $40,000 for Fatima and $70,000 for Elnaz. Their partnership agreement stipulates the following: A profit sharing ratio of 2:3:4 Eight percent interest on capital Ten percent interest charged on drawings Sara and Fatima receives a salary of $20,000 per annum Required: Prepare an appropriation statement for the partnership. (10 Marks)