NEED HELP ASAP PLEASE! I ONLY HAVE 30 MINUTES TO ANSWER THIS.

QUESTION 2 (25 MARKS)

A. Tenaga Solar Berhad is a corporation operated in the energy sector. In order to improve the capital structure of the company, the management decided to purchase 15,000 of the companys share at a price of RM 4.50 per unit. Transaction cost incurred was RM650.

Required:

i. Other than improving capital structure of the company, state two (2) other reasons for companies undertaking share buyback.

(3 marks)

ii.Show the journal entries if the company choose to:

a. Cancel the share

b. Retain the share as treasury share

c. Sell the share at a price of RM 5.50 per unit.

(10 marks)