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Question 5 of 5 - 10 View Policies Show Attempt History Current Attempt in Progress The post-closing trial balance of Oriole SpA at December 31,

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Question 5 of 5 - 10 View Policies Show Attempt History Current Attempt in Progress The post-closing trial balance of Oriole SpA at December 31, 2020, contains the following equity accounts. 600.000 Share Capital --Preference (12,000 shares issued Share Capital - Ordinary (290,000 shares issued) 2.900,000 254,000 Share Premium-Preference 446,000 Share Premium-Ordinary 290,000 Ordinary Share Dividends Distributable 1,090,000 Retained Earnings A review of the accounting records reveals the following. Areview of the accounting records reveal the following 1 2 5 No errors have been made in recording 2020 transactions or in preparing the closing entry for net income Preference shares are 50 par, and cumulative: 12,000 shares have been outstanding since January 1, 2019 Authorired shares are 20.000 preference shares.500.000 ordinary shares with C10 par value. The January 1 balance in Retained Earnings was 1.173.000 On July 1, 20.000 ordinary shares were issued for cash at 18 pershare. A cash dividend of C263,000 was declared and property allocated to preference and ordinary shares on October 1. No dividends were paid to preference shareholders in 2019. On December 31, 10% ordinary share dividend was declared out of retained earnings on ordinary shares when the market price per share was a Net income for the year was 615,000 On December 31 2020, the directors authorized disclosure of a 200.000 restriction of retained earnings for plant xpansion 6: 7 3 Compute the allocation of the cash dividend to preference and ordinary shares expansion (d) Compute the allocation of the cash dividend to preference and ordinary shares Allocation of the cash dividend to preference shares E Allocation of the cash dividend to ordinary shares List of Accounts Save for at Attempts: 0 of 3 used Submit Araw MacBook Pro

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