Meranti Maju Bhd has the following equity balances at 31 December 2021. Share Capital - Ordinary, 22,000,000 shares outstanding Retained Earnings Exchange Translation Reserve During 2022, the following transactions occurred: Date 20 March 30 September 31 December 1. 2. Additional information: Transactions Issued 1 million shares at a price of RM2.20 per share. The transaction cost related to the issuance of shares was RM0.15 per share. (c) RM'000 47,300 283,800 5,350 Declared a 2% share dividend to existing shareholders. The share dividend was distributed on the same date. The market price of share was RM2.40. Declared a cash dividend of RM0.50 per share on outstanding shares. Required: (Round all figures to TWO (2) decimal points) (a) (b) Profit for the year 2022 was RM12,000,000. Exchange translation loss recognized during the year 2022 was RM70,000. Prepare journal entries to record the above transactions. Prepare the Statement of Changes in Equity for Meranti Maju Bhd for the year ended 31 December 2022 in accordance with the requirements of MFRS 101 Presentation of Financial Statements. The board of directors of Meranti Maju Bhd has decided to repurchase the issued shares. The company has surplus cash and intends to distribute to shareholders. The repurchased shares will not be reissued in the future. Propose and briefly explain the appropriate accounting method to record the share repurchase.