A summary balance sheet of TAP Berhad is as follows:- RM000 Non Current Assets 800 Current Assets 200 Total Assets 1,000

Equity and Liabilities Share Capital :100,000 of Ordinary shares 300 Retained Earnings 300 Total Equity 600

Non Current Liabilities 150 Current Liabilities 250 Total Equity and Liabilities 1,000

The company now makes a 2 for 5 rights issue, and the new shares are issued at RM2.00 each. Required:- Prepare a summary statement of financial position of the company immediately after the rights issue. Ignore the costs of the share issue. [4 marks]