A company has these reserves: Share premium $60\,000 Revaluation reserve $75\,000 General reserve $10\,000 Retained earnings $21\,500 The directors want to carry out a bonus issue of ordinary shares of $1 each. What is the greatest number of bonus shares that the company could issue?
- A$31\,500
- B$91\,500
- C$135\,000
- D$166\,500