XYZ PLC was incorporated on 1 January 20X7 with a share capital of 200,000 ordinary shares of $0.50 each and 50,000 9% preference shares of $1 each. On 2 January 20X7, the company advertised a prospectus for issue of 80,000 ordinary shares at $0.75 each and 30,000 9% preference shares at par. On 31 January 20X7 80,000 ordinary shares and 30,000 preference shares were allotted (issued). All shares allotted were fully paid by the shareholders. Required: Calculate a. Authorised share capital; [$150,000 = 200,000x$0.50 + 50,000x$1] b. Issued share capital; [$70,000 = 80,000x$0.50 + 30,000x$1] c. Paid-up share capital. [$70,000 = 80,000x$0.50 + 30,000x$1] d. Share premium. [$20,000 = 80,000 ord shares x $0.25]