Question 5 (10 marks) The following is the account balances of JW Corporation as at 1 Jan 2020 Share Capital -Preference (6%, $100 par, non-cumulative, 5,000 shares authorized) 300,000 Share Capital-Ordinary ($5 stated value, 300,000 shares authorized) 800,000 Share Premium - Preference 15,000 Share Premium - Ordinary 315,000 Share Premium - Treasury 1,500 Retained Earnings 528,000 Treasury Shares-Ordinary (4,000 shares) 40,000 The following transactions were completed during the year ended 31 December 2020 2,000 treasury shares were sold for $22,000 on 31 March 2020, the Share Premium- Treasury account balance at the end of 31 March 2020 was $[A]. 1,000 treasury shares were sold for $8,000 on 30 April 2020, Share Premium -Treasury account balance at the end of 30 April 2020 was $ [B]. The retained earnings at the end of 30 April 2020 was $ [C]. 1,000 treasury shares were sold for $ 8,000 on 31 May 2020, Treasury Shares-Ordinary account balance at the end of 31 May 2020 was $ [D]. The Retained Earnings at the end of 31 May 2020 was $[E]. The total dividend for all the preference shares for the year was $ [F]. The dividend is declared and paid on 30 September 2020. Cash dividend for ordinary shares was declared and paid in October 2020 of $0.15 per share. The total amount of dividend paid for ordinary shares was $[G]. The account balances of Share Capital-Ordinary at 31 December 2020 was $1,200,000 and Share Premium-Ordinary was $635,000. The number of ordinary shares issued in year 2020 was [H], the issued price per share was S[1] and the total cash proceeds from issue of shares was $ [J] if all the shares were issued for cash. (Assumption: no other equity transactions took place) Required: Provide the answers for items [A] to [J]