13.20 Tamarama Ltd issues 1 million redeemable preference shares of $2.00 each on 1 July 2019. The shares offer a rate of return of 7 per cent per annum. The shares are later redeemed at the option of the shareholders on 30 June 2021. REQUIRED (a) Would you classify these preference shares as debt or equity? Why? Provide the journal entries necessary to record the issue and subsequent redemption of the shares. (b)