Aquamarine Ltd has capital that comprises of 250,000 shares issued at $2.50 and paid to $1.25. On 1 October 2021 a call of $1.00 per share is made. The amount of the call is due and payable by 31 October 2021. A total of 175,000 shares of the total capital of 250,000 shares were paid up on the required call. On the 15 November 2021, the directors decided to forfeit those shares that were not paid on the call and reissue them at $2.85 per share. The reissue occurred on the 30 November 2021. Various costs were associated with the reissue of the shares. These costs included: Staff amenities for overtime worked $300 Staff overtime paid $1,000 Feasibility studies $900 Marketing and promotion $4,000 Brokerage fees $2,500 Legal fees $5,500 According to Aquamarine Ltd's constitution there is a requirement that any surplus made on a resale of forfeited shares proceeds are to be returned to the former shareholder (a) Provide journal entries to record the transactions for this event (you will need to include narrations for your journals). (b) Is there recognition criteria for equity? Explain