Question 7 The equity section of Bonita SA at December 31 is as follows. BONITA SA Statement of Financial Position (partial) Equity Share capital-preference, cumulative, 11,900 shares authorized, 4,000 shares issued and outstanding Share capital-ordinary, no par, 746,100 shares authorized, 601,600 shares issued Retained earnings Less: Treasury shares-ordinary (76,100 shares) Total equity 228,000 1,804,800 1,766,600 76,100 3,723,300 Answer the following questions. (a) How many ordinary shares are outstanding? Ordinary shares outstanding shares (b) Assuming there is a stated value, what is the stated value of the ordinary shares? The stated value of the ordinary shares per share (c) What is the par value of the preference shares? The par value of the preference shares per share (d) If the annual dividend on preference shares is 15,960, what is the dividend rate on preference shares? The dividend rate on preference shares % (e) If dividends of 31,920 were in arrears on preference shares, what would be the balance in Retained Earnings? The balance in Retained Earnings