The shareholders' equity section of Kolb Corporation's balance sheet on December 31, 20x2 appears LO 8 Statement of Shareholders' Equity

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Prepare a statement of shareholders' equity for the year ended December 31, 20x3, assuming the following transactions occurred in sequence during \(20 \times 3\) :

a. Issued 10,000 preference shares of 100 nominal value, 9 per cent cumulative, after obtaining authorisation.

b. Issued 40,000 ordinary shares in connection with the conversion of bonds having a carrying amount of 600,000 .

c. Declared and issued a 2 per cent ordinary share dividend. The market value on the date of declaration was 14 per share.

d. Purchased 10,000 ordinary shares for the treasury at a cost of 16 per share.

e. Earned net profit of 460,000 .

f. Declared and paid the full year's dividend on preference shares and a dividend of .40 per share on ordinary shares outstanding at the end of the year.
Thelshareholders' equity section of the Colombus Corporation's balance sheet is shown below.

Determine the book value per share for both the preference and the ordinary shares.

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Share Capital Ordinary Shares-2 nominal value, 500,000 shares authorised, 400,000 issued and outstanding Share Premium Total Share Capital Retained Earnings Total Shareholders' Equity 800,000 1,200,000 2,000,000 4,200,000 6,200,000