2. Al Khor Company has QAR 100,000 in its Ordinary share capital. The company also has 100,000 shares with QAR 1 par value. The additional issued capital for Al Khor Company is QAR 400,000. The balance in retained earnings is QAR 200,000. In 2015, the company had the following transactions:
February 1: Repurchased1,000 of its own shares for QAR 3.50 per share (The company used the retirement method).
September 25: Repurchased 4,000 of its own shares for QAR 6 per share(The company used the retirement method)..
November 16: Declared and distributed bonus shares 1-for-4 ordinary shares. Market value per share is QAR 7.
December 20: The company has decided to split its shares on a 2-for-1 basis.