ONE LUV CO. LTD. was incorporated with 20,000 authorized ordinary shares of no par value; 10,000 of which were issued and fully paid for as at 1st January. The stated capital of the company at that date was GHC 17,250,000 The company subsequently invited application for 7,500 ordinary shares at GHC 3,000 per share, payable as follows; On Application August 1st 2014 GHC 2,000 per share Allotment Calls August 31st 2014 October 11th GHC 500 per share GHC 500 per share Applications were received for 9,000 shares and on August 8th it was decided to deal with them as follows: a. To reject applications of 500 shares and monies relating to these shares immediately refunded b. To give full allotment to applicants of 1,000 shares c. To allot the remainder on pro-rata and d. To utilize excess application monies in part payment of amounts due on allotment An applicant to whom 100 shares had been allotted failed to pay the calls monies and these shares were forfeited on October 31st 2014. Half of these shares were re-issued and fully paid at GHC 2,100 per share. a. Show the necessary ledger accounts b. Show the extract of the Statement of Financial Position