Question $4$part AThe folowing transactions occured and were recorded ni hte accounting records of Alf Ldi $("$Alf$")$ for the year ended $31$ December $2022$:Alf had $350,000$ ordinary shares ni issue on $1$January $2022.$b$.$ On $1$April $2022,$ Alf issued $50,000$ ordinary shares at market price.c$.$ On $1$June $2022,$ Alf issued $2$ordinary shares for every $5$ordinary shares held ni terms of a rights issue.d$.$ On $1$September $2022,$ Alf performed ashare split ni which $5$shares became $7$shares.You are required to:Calculate the number of shares issued ni terms of hte rights isue and in terms of the share split and calculate the total number of shares in issue at $31$ December $2022.(9$ marks$)$Part BThe following transactions occurred and were recorded ni the accounting records of Lily Ltd "Lily"$)$ Ltd for the year ended $31$ December $2022$:a$.$ Lily had $132,000$ ordinary shares ni issue throughout the year ended $31$ December $2021.$b$.$ On $1$April $2021,$ Lily issued $50,000$ shares ni terms of acapitalisation issue.C$.$The basic earnings were correctly calculated as follows:For the financial year ended $13$ December $2022$ it was R$330,000$ andFor hte financial year ended $13$ December $2021$ it was R$250,000.$You are required to:Caclualet het bacsi camrnigs preerhas ofr het yeasr ended$13$December $2021$ nda $20$marks$)$Part CURE OALSE, FIALSE,esaepl vig aberif o p a i e t n o r y t t i a l o n g mn c e aSatet cent or hangesni quit present coesot ai ancil stemprehensive nicome,