Sir…. help me

Sir. there is an additional information.

1) On 1 October 2002, Hollywood issued 60,000 $0.50 ordinary shares at a premium of 100%. A bonus issue of one for ten shares held was made on 1 November 2002; all shares in issue qualified for the bonus.

Capital and Reserves:……………………2003………..2002

Ordinary shares $0.50 each…………….363………….300
share premium………………………………..89……………92
Revaluation reserve…………………………50……………..0
Retained earning…………………………….63……………(70)

the answer sheet is below

Cash flows from financing activities:
Proceeds from issue of share capital(60*$1)………………….60

Sir, i don’t know how the figure of 60 comes out.

could you possibly explain to me how they get 60?

my working is get stuck till…..below

Dr cash 30
Cr Share capital 30

because they don’t notify the range of the share that i must apply to figure the bonus issue…. such as “we issued 3,000 bonus issue” or 4,000….
maybe in my head, most of the knowledge disappear about issuing shares, but just i still remember how the T-entries open.

thank you for your efforts that you leave your answers on my questions on weekends.

hopefully, i don’t bother you

thanks:)

Regard
your student