PSBlO.2 On 31 December 2015, Luke Ltd had 2000 000 shares. The equity accounts at 51 December 2015 had the following balances. Share capital $6 000 000 Revaluation surplus 2I0 000 Retained earnings 2 100 000 Transactions during 2016 and other information related to equity accounts are as follows. 1. On 15 March 2016, issued 500 000 shares for $2.50 cash. 2. On 10 June 2016, declared a cash dividend of 10% of share capital, payable on 31 July 2016 to shareholders. Required (a) Prepare journal entries to reCOrd the above transactions. (1)) Prepare the equity section of Luke Ltd's statement of nancial position as at 50 June 2016