A company gives the following figures: - ordinary shares of $0.50 each: $84 000 - retained earnings: $50 000 - total equity: $134 000 These transactions then occur. 1. The company carries out a rights issue of one new ordinary share for every two held, at $1.30. The issue is taken up in full. 2. A bonus issue of two ordinary shares for every three held is then carried out. What is the greatest possible balance of the retained earnings after these transactions?
- A$8400
- B$16 800
- C$33 200
- D$41 600