La Sfera Co. was formed on July 1. 2014. The company reported the following summarized statement of financial position at July 1, 2017: RM Assets Cash Other assets Total assets 472,000 1,680,000 2,152,000 Liabilities and Equity Libilities Other liabilities Onlinary dividend payable 546,000 35,000 Shareholders' equity 7 preference shares, 300,000 authorised, 50.000 issued Ordinary share, 500,000 authorised. 250.000 issued Retained earnings Total liabilities and equity 250,000 750,000 571,000 2,152,000 The following transactions occurred during the financial year but have not been recorded: July 1, 2016 Paid dividends payable to shareholders. Aug 15, 2016 Issued 50.000 ordinary shares to the public for RM5 per share. The company incurred RM4,000 on the costs of issuance of shares. No: 2.7.2016 Offered right issue to existing shareholders, with the right to purchase one shares for every 80 shares held. Market price on the date was RMS. All offers were taken up. Feb 1, 2017 Obtained a 6-month loan amounting RM 25.000 from JuneBank at 4% per year to expand the business. Mar 7. 2017 Declared and distributed one-for-fifty share dividend to shareholders on record. Market value per share was RM6. The company used its retained earnings for the purpose of giving bonus share. May 18. 2017 Declared cash dividend to ordinary shareholders of RM0.20 per share, subject to approval at the forthcoming annual general meeting. June 1. 2017 Issued 10% three-year bonds pavable with a RM150,000 par value at the price of RM133, 540. The current market interest rate is 12%. June 30, 2017 Payment of cash dividend to ordinary shareholders has been approved. The money will be credited to ordinary shareholders in July 15, 2018. Paid preference dividend. Required: a) Journalise the above transactions. b) Prepare the statement of financial position as at December 31. 2017