6.16 LO2 The summarised statement of financial position of CF Ltd is as follows:

Net assets 1,600,000 Ordinary share capital issued at $1 800,000 Revaluation reserve 400,000 Retained profits 400,000 1,600,000 CF Ltd decides to make a bonus issue on a one-for-four basis, followed by a rights issue on a one-forfive basis at a price of $2 per share.

(a) Show the statement of financial position after these issues.