A company was formed on 1 March 2018 with an authorized capital of OMR 10 million divided into common stock of OMR 0.400 each. The company came up with an Initial Public Offer - IPO on 15th March 2018 by issuing 5,000,000 equity shares at OMR 0.400 each at par which was fully subscribed. The company then issued 3,000,000 more shares at OMR 0.800 each on 31 July 2019 which was fully subscribed. You are required to show the journal entry passed to record the transactions above. Also show how it will appear in the Statement of Financial Position. Assume Cash at Bank to before the IPO for year 2018 RO 50,000 and for the year 2019 to be RO 150,000