Please explain with calculation. thank you.

of preference share at RM1.50 per unit es must be redeemed on 30 June 2020 at RM1.70 FOREST Bhd issued 1,000,000 units of preferen on 1 July 2015. The shares must be re each. The financial year end is on 31 December Required: npany's discretion and the borrowing cost is Assuming dividend is upon company's discretion and the borra 7% annually, (0) Show the journal entry for the issuance of the preference shares. Assuming all the shares are fully subscribe and paid. (2 Marks) Determine the ending amount of preference shares (liability part) as at 31 December 2015 and 31 December 2016. (2 Marks) (iii) Show the journal entry for the redemption of the preference shares using the retained profits. (6 Marks) Assuming the preference shares are entitled for fixed yearly dividend payment at 5 cents per unit payable on 30 June each year. (iv) Determine the effective interest rate. (1 Mark) Determine the liability and equity components of the preference shares as at 1 July 2015. (2 Marks) of preference share at RM1.50 per unit es must be redeemed on 30 June 2020 at RM1.70 FOREST Bhd issued 1,000,000 units of preferen on 1 July 2015. The shares must be re each. The financial year end is on 31 December Required: npany's discretion and the borrowing cost is Assuming dividend is upon company's discretion and the borra 7% annually, (0) Show the journal entry for the issuance of the preference shares. Assuming all the shares are fully subscribe and paid. (2 Marks) Determine the ending amount of preference shares (liability part) as at 31 December 2015 and 31 December 2016. (2 Marks) (iii) Show the journal entry for the redemption of the preference shares using the retained profits. (6 Marks) Assuming the preference shares are entitled for fixed yearly dividend payment at 5 cents per unit payable on 30 June each year. (iv) Determine the effective interest rate. (1 Mark) Determine the liability and equity components of the preference shares as at 1 July 2015. (2 Marks)