Dividends, calls on shares and bonus issues   LO6, 8, 9 The equity of Sea Horse Ltd at 1 January 2020 was as follows. Share capital 600 000 shares fully paid $600 000 400 000 shares issued for $1 and paid to 50c 200 000 $ 800 000 General reserve 200 000 Plant maintenance reserve 50 000 Retained earnings 80 000 Total equity $1 130 000 The following events occurred during the year. June 25 Interim dividend of 10c per share paid, with partly paid shares receiving a proportionate dividend. July 10 Call of 50c per share on the partly paid shares. 31 Collection of call money. Sept. 15 Bonus share issue of one share for each 10 shares held, at $1 per share, allocated from general reserve. Dec. 31 Directors announce that a dividend of 20c per share will be paid in September, subject to approval at the February annual general meeting. Transfer of plant maintenance reserve to general reserve. The company earned a profit of $60 000. Required 1. Prepare the journal entries to give effect to the above events. 2. Prepare the equity section of the statement of financial position at 31 December 2020.