c) Shiny Shine Bhd has an authorized capital of RM1,000,000 ordinary shares of RM1 each. On 30th November 2019, Shiny Shine Bhd issues a prospectus to the public to subscribe for a total of 500,000 shares at a value of RM3.50 per share payable in full upon application. On 15th December 2019, all shares are fully subscribed with the application money received on that date. The shares are then allotted to successful applicants on 31 December 2019. The costs of issuing the share is RM70,000. Required: i Prepare journal entry related to those transactions. (5 marks) ii. Prepare (extract) Statement of Financial Position of Shiny Shine Bhd as at 31" December 2019