At the beginning of 2016, the statement of financial position of Sapphire Berhad is as follows: Assets Cash Other assets RM 412,000 981,000 1,393,000 Shareholders' Equity Ordinary share capital of RM2 each 500,000 authorised, 300,000 issued 600,000 5% Preference share capital of RM4 each 200,000 Share premium 150,000 Retained earnings 443,000 1,393,000 The following transactions occurred during the 2016 but have not been recorded: January 1 January 12 March 30 June 30 December 5 December 31 Issued 8% five-year bonds payable with a RM300,000 face value at the price of RM282,413. The bonds pay interest semi-annually on 30 June and 31 December each year. The current market interest rate is 9.5%. Issued 50,000 ordinary shares to the public for RM8 per share. The company incurred RM6,000 on the costs of issuance of shares. Declared and distributed a one-for-twenty bonus issue (share dividend) to all ordinary shareholders. Retained earnings are used for this purpose. Market value per share on the date is RM4. Paid interest on bonds payable. A cash dividend of RM0.20 per share to ordinary shareholders was approved, payable on January 31 next year. Paid preference dividend. Paid interest on bonds payable. Required: a) Journalise the above transactions. Narrations are not required. b) Prepare the statement of financial position as at December 31, 2016