(Total Marks 40) QUESTION 2 The following accounts and related balances refer to Fiesta Bhd as at December 31, 2021 Common stock, RM 1.00 par, 50,000 shares authorized, 20,000 shares issued RM RM 20,000 Inventory 85,000 Salary payable 3,000 Long-term notes payable 70,000 Preferred stock, RM 2.50, no-par, 10,000 Property, plant & equipment, net 205,000 shares authorized, 2,000 shares issued 50,000 Accounts receivable net 25,000 Accounts payable 20,000 Cash 15,000 Retained earnings 80,000 Income tax payable 12,000 Paid-in capital in excess of par-common 75,000 Required 1. Prepare the balance sheet for Fiesta Bhd as at December 31, 2021. (16 marks) 2. Compute the book value per share of Fiesta Bhd common stock. (6 marks) 3. Compute the book value per share of Fiesta Bhd preferred stock. Preferred dividends are RM 5,000 in arrears because Fiesta Bhd has not declared the current year dividend