Alfred Company started its operation with authorization of 50,000 shares of $50 par value ordinary shares and 10,000 2% cumulative preference shares of $100 par value in early 2018. In 2018, Alfred has issued 2,000 ordinary shares for $300,000 cash. As at 31 December 2018, it has treasury shares of 300 ordinary shares repurchased at a cost of $18,600. Alfred has the following transactions in 2019: 1 Jan 26 Feb 5 Jun 8 Aug Issued 5,000 ordinary shares for $290,000 cash Reissued 40 treasury shares at $68. Reissued 60 treasury shares at $60. Issued 1,000 2% cumulative preference share, for $105 per share. Required a) Record the journal entries for above transactions in 2019. (No narratives required.) Alfred Company had net income of $32,000 in the year ended 31 December 2019. It declared a dividend $0.50 per outstanding ordinary share and the 2% preference shares dividend on 30 October 2019, payable on 31 January 2020. Prepare the shareholders' equity section in Alfred Company's statement of financial position at 31 December 2019. c) How will your answers in part (a) and (b) be different when there was a 2-for-1 share split for the ordinary shares on 30 November 2019