Ara Noodles Bhd (ANB) was incorporated on 20 July 2017 as a public limited company. The company engaged in the manufacturing and marketing of all types of rice and sogo sticks (vermicelli) and other related products. ANB closes its account on every 30 September. Prior to the financial year 2020, ANB had 250,000 ordinary shares outstanding issued in financial year 2018 and 2019. 40% of the shares were issued at the market price of RM4.15 per share and the remaining at the price of RM4.75 per share. The balance in its retained earnings account at 1 October 2019 was RM953,250. On 20 September 2019, ANB declared a RM0.40 per share cash dividend. The following transactions occurred during the financial year 2020. 20 October Paid cash dividend declared on 20 September 2019. 15 December Issued 150,000 ordinary shares at the market price of RM4.85 per share. Other cost paid were RM2,500 for underwriters' fees, RM5,000 for legal fees and RM800 for printing of the prospectus. 26 February Issued 12,000 ordinary shares for machinery. The book value and market value of the machinery were RM52,300 and RM61,350, respectively. On this date the ANBs ordinary shares is selling at RM4.70 per share. 20 September Declared a RM0.50 per share cash dividend. This dividend is payable on 20 October 2020. The Statement of Profit or Loss and Other Comprehensive Income for the financial year 2020 showed that the total comprehensive income for the year and gain on fair value adjustment were RM293,733 and RM24,000, respectively. 9 REQUIRED: (a) Prepare the appropriate journal entries to record the above transactions for ANB. (7 Marks) (b) Prepare the Statement of Changes in Equity for the year ended 30 September 2020. (4 Marks) (c) The Board of Directors (BOD) of ANB received a complaint from large shareholders that ANB distributes dividend only once a year. In September 2020, the BOD is planning to issue a 25% share dividend on early next year. The market value of outstanding shares is estimated to be RM2,000,000 in January 2021. Discuss TWO (2) effects of this issuance to the capital structure of ANB. Support your answer with calculation (if applicable).