Use the following information to answer questions 4 to 7. The following balances regarding the shares issued was extracted from the accounting records of I-Stores Ltd on 28 February 2019: R 600 000 Ordinary shares 1 400 000 20 000 10% non-cumulative preference shares 110 000 10 000 12% cumulative preference shares 50 000 Included in the capital structure above are the following two transactions that took place during the current financial year (these were the only transactions that occurred since incorporation): a. A capitalisation issue that the directors made on 28 February 2019 of one ordinary share for every five shares held at R4,00 per share. b. The issue of 2000 12% cumulative preferences shares at R5 per share on 1 January 2019. Dividends on ordinary shares was declared at 5c per share on 27 February 2019. No dividends were declared or paid during the previous financial year. The number of canitalisation shares issued is. 4. The number of capitalisation shares issued is: 1. 280 000 2. 233 000 3. 120 000 4. 100 000 5 . The dividend amount payable on the ordinary shares for the year ended 28 February 2019 is: 1. R30 000 2. R25 000 3. R70 000 4. R50 000 6. Preference shares which retain the right to a dividend from year to year, irrespective of whether a dividend was declared or not during the year, are known as: 1. Non-cumulative preference shares; 2. Participating preference shares; 3. Cumulative preference shares; 4. Ordinary preference shares. 7. The dividend amount payable on the preference shares for the year ended 28 February 2019 is: 1. R17 000 2. R20 800 3. R 4400 4. R23 000