5-1. (8 points) The equity section of Sogang Corporation at December 31 is as follows. SOGANG CORPORATION Statement of Financial Position (partial) Equity Share capital-preference, cumulative, 10,000 shares authorized, 5.000 shares issued and outstanding $ 250,000 Share capital-ordinary, no par, 750,000 shares authorized, 150,000 shares issued 1,500,000 Retained earnings 2,050,000 Less: Treasury shares (5,000 ordinary shares) (64,000) Total equity $3,736.000 (a) How many ordinary shares are outstanding? (b) Assuming there is a stated value, what is the stated value of the ordinary shares? (c) What is the par value of the preference shares? (d) If dividends of $36,000 were in arrears on preference shares, what would be the balance in Retained Earnings? 5-2. (17 points) On January 1, 2019, Sogang Company issued 30,000 ordinary shares with a $2 par value for $150,000. On March 1, 2019, the company purchased 4,000 ordinary shares for $8 per share for the treasury. On June 1, 2019, 1,000 of the treasury shares are sold for $10 per share. On September 1, 2019, 2,000 treasury shares are sold at $6 per share. Journalize the share transactions of Sogang Company in 2019