Question 5 The directors of Butland18 Ltd provided the following information in addition to the statement of changes in equity for the year ended 30 September 2018 During the year ended 30 September 2018: $17,500 was received from an issue of ordinary shares of $0.25 each at a premium of $0.10 The company made a profit for the year of $10,000 a dividend of $0.04 per share was paid (a) Calculate for the year ended 30 September 2018: (i) the number of ordinary shares issued (1) (ii) the total amount of dividend paid (2) (b) Complete the statement of changes in equity for the year ended 30 September 2018. (8) Butland18 Ltd Statement of changes in equity for the year ended 30 September 2018 Share capital Share Retained $ premium earnings Total $ 60,000 10,000 83,600 153,600 Balance at 1 October 2017 Share issue Profit for the year Dividend Balance at 30 September 2018 (c) Explain one reason why a company would choose to issue ordinary shares rather than debentures. (2)