On 1 April 20×0, the first day of the new financial year, Top Cat Pte Limited’s share capital comprised 75,000 ordinary shares (issued and outstanding) with a paid-up capital of $750,000. Retained earnings was $150,000. During the year, the following transactions with owners occurred.

Prepare the journal entries to record the following transactions. Where no journal entry is required, state why.

-1 April 20×0 Issued 5,000 additional ordinary shares for $11 each.

-1 June 20×0 Share registry dividend record date.

-15 June 20×0 Declared a cash dividend of $1.50 per share to ordinary shareholders.

-10 July 20×0 Paid the $1.50 cash dividend.

-1 December 20×0 Issued 3,000 additional ordinary shares for $13 per share.

-15 March 20×1 Share registry record date.

-31 March 20×1 Profit before tax for the period was $340,000 and the company income tax rate is 17%.

-31 March 20×1 Declared a cash dividend to ordinary shareholders of $1.80 per share.

-As at 31 March 20×1, how many shares were issued and outstanding?