(a) Amatco Ltd has an authorized capital of 6,000,000 ordinary shares of D5.00 per share. It issued 3,000,000 ordinary shares and all such shares were bought and paid for at D2.00 a share except 1,000 shares taken by Mr. Jones. Calculate the value of the: (i) authorized capital (ii) issued capital (iii) called-up capital (iv) paid-up capital.

(b) The following are the assets and liabilities of Morgan's Ltd: 

	N
cash	8,000
Building	81,000
Creditors	6,500
sales returns	12,000
Debtors	18,000
Capital	122,000
Overdraft	11,000
Motor vehicle	20,000
sales	50,000
Net profit	20,000