Image transcription textQuestion 1 Elisha Ltd is in the business of importing electronic products globally and distributing them locallyand regionally. The trial balance as at 30 September 2017 is as follows: Dr $ Cr 3 Ordinary shares at $1 each,30 September 2016 1,230,000 4% Cumulative preference shares at $1 each, 30 September 2016 … Show more… Show more1) On 20 September 2017, the directors recommended a final dividend of 3 cents per ordinary share which is subject to shareholders’ approval.2) The company did not declare any dividends for the last 2 years (excluding the current year). On 1 April 2017, the directors declared and subsequently paid cash dividend of 2 cents per ordinary share.?3) On 30 June 2017 the company made a 2 for 5 rights issue on its ordinary shares at $1.50 per share. The rights issue were all paid up on 5 August 2017.Help me with the three points above,thanksAccountingBusinessFinancial AccountingBA 012377
