Question 2 A company has an authorised capital of: 1 million ordinary shares of 3 each 100 000 8% preference shares of 5 each The company has issued (sold): 1 million ordinary shares at a premium of 1 each 70 000 8% preference shares at par Complete the following table to show the amount that was entered in each account. Account Issued Share Capital Issued preference Capital Share premium Account Total in bank Amount Question 3 Given the information below, calculate the share income for the business: The business had an authorised capital of: 150,000 ordinary shares at 5 each 50000 6% preference shares at 9 each The business has issued: 150,000 ordinary shares at a premium of 3 each 30,000 6% preference shares at par Complete the following table to show the amount that was entered in each account. Account Issued Share Capital Issued preference Capital Share premium Account Total in bank Amount