Glory Limited ("Glory") has made the following transactions in the financial year: (a) 1. Glory raised funds by issuing 20 million preference shares for $50 million. The preference shares are redeemable at the option of the holders after 4 years. In addition, Glory also issued share options which entitle the holders to purchase 200,000 shares of Glory Ltd at an exercise price of $10 per share at any time after 2 years from the issuance date. 2. On 1 July, Glory used idle cash to purchase a bond for $1,064,798. The bond has a nominal value of $1,000,000 and a coupon interest rate of 4% payable on 31 December each year and matures on 31 December 2020. The management of Glory believed the bond price will rise in near future and intends to hold the bond for short-term interest income and capital appreciation Required: Define 'financial instruments' and explain the different components (i of financial instruments (ii) Explain how the above items should be classified and presented in