ROYAL JORDANIAN Corporation has issued 3,500 ordinary shares and 600 preference shares for a lump sum of $86,000 cash. Instructions (a) Give the entry for the issuance assuming the par value of the ordinary shares was $7 and the fair value $25, and the par value of the preference shares was $19 and the fair value $45. (Use the Proportional Method) (2.5 Marks) (b) Give the entry for the issuance assuming the same facts as (a) above except the preference shares have no ready market and the ordinary shares have a fair value of $18 per share. (Use the Incremental Method) (2.5 Marks)