Integrity Berhad Teluguud all the relociuable preliteTICC share at a premiun 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 at 31 December 2019 RM1000 Non-current assets 52,650.00 Current assets 11.320.00 Bank 46,800.00 110970.00 Ordinary shares o RM1 cach 30.600.00 4% redeemable preference shares of RMI each 22,950.00 Retained profits 43.920.00 Current liabilities 13.500.00 110.970.00 Required: Compute the necessary workings to capture the redemption of preference shares out of profits and through the issue of new shares. (3 marks) (6) Prepare the relevant journal entries to record the transactions. (9 marks) (c) Present the extract of Statement of Financial Position mmediately after the redemption 1 ISSIL: 104 olhares