The post-closing trial balance of Bramble SpA at December 31, 2020, contains the following equity accounts. Share Capital-Preference (15,000 shares issued) Share Capital - Ordinary (275,000 shares issued) Share Premium-Preference Share Premium-Ordinary Ordinary Share Dividends Distributable Retained Earnings 750,000 2.750.000 240.000 430,000 275,000 1,090.000 A review of the accounting records reveals the following. 1. 2 3. 4. 5. 6. No errors have been made in recording 2020 transactions or in preparing the closing entry for net income. Preference shares are 50 par, 8%, and cumulative: 15,000 shares have been outstanding since January 1, 2019. Authorized shares are 20.000 preference shares, 500,000 ordinary shares with a 10 par value. The January 1 balance in Retained Earnings was 1,178,000. On July 1. 20,000 ordinary shares were issued for cash at 18 per share. A cash dividend of 264,000 was declared and properly allocated to preference and ordinary shares on October 1. No dividends were paid to preference shareholders in 2019. On December 31, a 10% ordinary share dividend was declared out of retained earnings on ordinary shares when the market price per share was 18. Net income for the year was 615,000. On December 31, 2020, the directors authorized disclosure of a 200,000 restriction of retained earnings for plant expansion 7. 8. 9. Compute the allocation of the cash dividend to preference and ordinary shares. Allocation of the cash dividend to preference shares Allocation of the cash dividend to ordinary shares. (th