Coated Ltd. (Coated) is a manufacturer and supplier of paints throughout South Africa. The entity has a 31 May- financial yearend. The following is an extract of the Statement of Financial Position for the 2021-financial year: Coated Ltd. Statement of Financial Position as at 31 May 2021 2021 (R000) 2020 (R000) EQUITY AND LIABILITIES Ordinary shares ? 14 700 13.1% Preference shares 7 390 6 800 Retained earnings ? 50 020 Loan: Alfa bank 2 200 3 003 Total equity and liabilities ? 74 523 Additional information All of the transactions below that occurred during the year, have been correctly accounted for and is included the Statement of Financial Position extract above: 1. Coated Ltd has an authorized share capital of 8 000 000 ordinary shares and 3 500 000 13.1% Preference shares. At 1 June 2020, there were 1 470 000 ordinary shares in issue. The preference shares in issue have a face value of R10 per share. 2. Ordinary shares have voting rights, but are not entitled to a fixed dividend. The preference shares are entitled to their fixed dividend on a cumulative basis but have no voting right. 3. On 20 August 2020, Coated offered 960 000 ordinary shares to the public. The share issue was underwritten by FHI Ltd. for a commission of 5.6% of the value of the share issue. On 1 October 2020, the closing date, applications were received for 92% of the ordinary shares. Excluding the underwriters commission, 4 HFAC132-1-Jul-Dec2021-SA1-ES-V3-01102021 costs related to the share issue amounted to 76 cents per share. The total finances which Coated received from the share issue, before deducting any costs related to the share issue, was R6 720 000. 4. On 23 March 2021, a new issue of preference shares was offered to the public at face value. On 30 April 2021, the closing date for applications, the offered had been oversubscribed by 12%. The share issue was allotted on 30 April 2021. 5. A dividend of 78 cents per share were declared to the ordinary shareholders on 3 May 2021 and paid to them on 2 June 2021. 6. The Alfa bank loan has an interest rate of 11.8% compounded annually, attached to it. 7. The total comprehensive income after tax which appeared on the Statement of Comprehensive Income (before dividend tax) for the 2021-financial year, was R2 341 900. 8. The South African Income Tax rate for companies is 28% while the dividend tax rate in South Africa is 20%. Required: 1.1. Prepare only the general journal entries which relates to the shares issued during the 2021-financial year for Coated Ltd i.e. for point number 3 and 4. Ignore dates and narrations. (