Kinabalu Berhad was incorporated on 1 October 2021 and it offered for subscription an initial offering of 30,000,000 ordinary shares at a price of RM2.50 per share. Applications for 15,000,000 shares were received from institutional investors and applications for 20,000,000 shares were from retail investors. Applications closed on 30 October 2021 and all the money due was received. The money received on the oversubscribed shares from the retail investors was refunded. Allotment of shares was completed by 15 November 2021. Required: Show the necessary journal entries and prepare the Statement of Financial Position upon completion of the above transactions. (5 marks)