On 30 June 2018, Parkinson Ltd had 1,000,000 shares on issue. Parkinson Ltd's reporting period ends on 30 June. The equity accounts at 30 June 2018 had the following balances:

Share capital: $5,000,000

Revaluation surplus 300,000

Retained earnings 1,800,000

Transactions during 2019 financial year and other information related to equity accounts are as follows:

1 Oct 18 Parkinson Ltd issued a prospectus inviting the public to subscribe to the issue of 100,000 shares for $7 per share: $3 due on application and $4 due on allotment.

15 Nov 18 Received applications for 100,000 shares.

18 Nov 18 Allotted 100,000 ordinary shares.

30 Nov 18 All allotment money received.

30 Apr 19 Declared 6% share dividend per share to shareholders, distributable on 31 May. According to the current market price of shares it was determined the dividend shares would be issued at $6 per share.

31 May 19 Issued the shares for the share dividend.

30 Jun 19 The profit for the year ended 30 June 2019 was $240,000.

Required:

1. Prepare the journal entries to record the above transactions including closing entry of profit or loss summary account.
2. Prepare an extract from the Statement of financial position as at 30 June 2019 providing the figures of the equity accounts and total equity.
3. Narrations are not required.