Ret Corp. issues 12,000 ordinary shares with a par value of 20 per share and 4,000 preference shares with a par value of 15 per share for a lump sum of 600,000. At the issue date, the ordinary shares were selling for 36 and the preference shares were selling for 17. (Two questions are based on this information.) How much of the share premium-preference shares is recorded for this transaction?

Select one:

a. 60,000.

b. 8,000.

c. None of these answers.

d. 21,600.

e. 0.