2 The following are financial statements of Bursa and Forex at their financial year end of 2015. Bursa (RM'000) Forex (RM'000) Non-current assets Buildings (cost) Goodwill (patent) Current assets Trade receivables Bank 500,000 50,000 50,000 Total assets 222,000 135,000 235,000 155,000 1,007,000 440,000 Shareholders' equity Ordinary shares of RM2 each 300,000 100,000 Share premium 75,000 15,000 Retained profits 177,000 20,000 Liabilities 10% Debentures 8% Debentures Trade payables Total equity and liabilities 150,000 300,000 155,000 155,000 1,007,000 440,000 On 1 January 2016, Bursa acquired Forex's assets and liabilities. The following terms were prepared between them: Bursa agreed to issue 200 million ordinary shares to Forex (the fair value of shares of Bursa during the acquisition was RM1.50). RM150,000 8% debentures in Bursa to discharge the 10% debentures of Forex at a premium of 20%. Following that, Forex will be liquidated at the following fair values: tangible assets at RM250 million, current assets at RM360 million, and current liabilities at RM20 million. Required: (a) Close the books of Forex (show ledger entries). (b) Record the above transactions in the books of Bursa (show ledger entries). (c) Prepare the Statement of Financial Position of Bursa subsequent to the boy transactions