QUESTION 6 (16 marks) Tiger Limited was incorporated on January 1, 2017. The authorized share capital of the corporation was 100,000 shares of $10 par value ordinary shares and 20,000 shares of $50 par value 10% cumulative preference share. Below were the share transactions that took place in Year 2017: a. Required: (Show all calculations and round ALL answers to 2 decimal places.) b. Jan 14 Jan 25 C. Issued 12,000 ordinary shares for $11 per share. Issued 5,000 preference shares for $52 per share. Prepare journal entries to record the above share transactions for Tiger Limited. (Explanation for the journal entry is NOT required.) (6 marks) There was a net loss for Tiger Limited for 2017 and no dividends were declared or paid for 2017. In addition, 1,000 shares of ordinary shares were purchased by the company on April 1, 2018. On December 31, 2018, the company reported a year-end retained earnings of $105,000. The board of directors decided to declare a $1.3 dividend per share to the ordinary shareholders. Calculate the total amount of dividends payable to EACH class of shareholders on December 31, 2018. (6 marks) On December 31, 2018, the board of directors also announced a 4-for-1 share split on the ordinary shares of the company. State the adjusted figures of the following items for ordinary shares of the company after the 4-for-1 share split on December 31, 2018: i. ii. Number of shares outstanding Par value of each share End of Section B ~End of Paper~ (4 marks)