AB Co has been in the business for several years and the company's shares are traded in the stock market. The directors of the company agreed that the profitability reflected in large balances on its reserves, while business. its original share capital looks like that of a much smalle The following is an extract of the statement of financial position of AB Co for the financial year ended 31 March 2014 AB Co. Statement of Financial Position as at 31 March 2014 (Extract) Equity 200,000 Ordinary shares of $O.50 each Share premium Retained earnings 100 30019 5.600 5,000 On 30 September 2014, AB Co decided to make a bonus issue of 10 new share for each shares held, because AB Co wanted to increase its share capital without wishing to raise additional finance During December 2014, AB Co decided to make a right issue of '3 for 2 at $1.20 and all the shareholders took up their rights. The right issue was called-up and paid-up fully by the end of year. On the same date company decided to issue 5% Redeeemable Preference share of 25,000 $1 each Required: ) Write down the necessary journal entries for the bonus issue on 30 September 2014 ) Show the owners' equity after the bonus issue. Write down the journal entries related to the right issue made during December 2014. d) Prepare an extract of the part "Equity and liabilities" in statement of financial position after the issues made during December 2014 write down the journal entry required to record the dividend of 5% Redeemable preference share for the year