Compute the necessary workings to capturebthe redemption of preference shares out of profits and through the issue of new shares

7 Integrity Bethad rolecned all the releanable preluretice shares at : premim of 8%. A total of 8,000,000 ordinary shares of RMI each were issued at a premium of 9% to partly finance the redemption. Integrity Berhad Statement of Financial Position as a SI December 2019 RM1000 Non-current assets 52,650.00 Current assets 11.520.00 Bank 46,800.00 110.970.00 Ordinary share oIRMI cach NO.600.00 4% redeemable preference shares of RMI eachi 2.950.00 Retained profits 18.920.00 Current liabilities 16.500.00