Kidsor Ltd is a large multinational manufacturing company with a $30$ June year$-$end.

The following information is presented to you.

Authorized share capital

$2000000$ Class A of NPV $($Ordinary shares$)$

$60000010\%$ Class B $($Redeemable preference shares$)$

Issued share capital

$1125000$ Class A shares at R$1,00$

$60000010\%$ Class B shares at R$1,50$

All these shares are issued on $1$ July $2013$

In terms of the original issue documentation, these preference shares are redeemable on $29$ June $2018$ at a premium of $5\%,$ at the company's option. On $1$ April $2018,$ Kidsor Ltd decided to exercise its option to redeem preference shares. To finance the redemption, $750,000$ Class A shares were offered to the public at R$1,34$ each on $20$ April $2018.$

FBN Bank underwrote the share issue at a commission of $4\%.$ Share issue expenses amounted to R$15000.$ The share issue costs and the underwriter's commission were paid in cash. Applications for $730,000$ Class A shares were received on $10$ May, and all were allotted on the same day. Shareholders were registered on $11$ May $2018.$ The preference shares were redeemed on $29$ June $2018,$ and at the same time, preference dividends for the year were also paid.

Kidsor Ltd also declared a dividend of R $0,08$ per share on Class A shares to shareholders registered on $1$ July $2017.$

The retained earnings balance on $30$ June $2018$ was R $11480000.$ The tax rate applicable to companies is $28\%,$ and profit before tax for the financial year ended $30$ June $2018$ amounted to R$935000.$

Required

$($a$)$ Prepare all the journal entries relating to the redemption of preference shares and issue of Class A shares for the YE on $30$ June $2018.(15$ marks$)$

$($b$)$ Prepare the Statement of changes in equity for the year ended $30$ June $2018(10$ mar