Question Five (a) Chikita plc has the following balances at 1 January 2019: Ordinary f1 shares Share premium Revaluation reserve Retained earnings 80,000 20,000 14,500 $18.000 During the year the following transactions took place: of 2.50. The company made a total comprehensive income of 4,500, of which 3,000 represents profit for the year and 1,500 being a revaluation surplus. The company paid ordinary dividends of 2,000. Required: Prepare the statement of changes in equity for Chikita plc for the year ended 31* December 2019. (11 marks) (b) Park Ltd had 5,000,000 1 ordinary shares in issue. Park Ltd made a rights issue of 1 new ordinary share at 3.50 per share for every 5 ordinary shares currently held. At the same date Park Ltd's ordinary shares were trading at $4.75 Required: (i) Explain the difference between a bonus issue and a rights issue of shares. (4 marks) (ii) Prepare the journal entries required to record Park Ltd's rights issue in its financial records, assuming that all rights were taken up. (6 marks) (6 marks) (c) Technopower Ltd has a share capital of 50,000 (nominal value of each share is 1). Technopower Ltd wishes to make a bonus issue of 1 ordinary share for every 5 existing shares. Required: Calculate the bonus issue (number of shares) and show the double entry for the bonus issue, assuming all shares are taken up. (4 marks) TOTAL: 25 MARKS