Oriole Corporation was organized on January 1, 2019. During its first year, the company issued…

Oriole Corporation was organized on January 1, 2019. During its first year, the company issued 2,000 shares of HK$50 par value preference shares and125,000 shares of HK$10 par value ordinary shares. At December 31, the company declared the following cash dividends: 2019, HK$6,000; 2020, HK$14,700; and 2021, HK$29,500 (HK$ in thousands).