Purnama Merindu reports the following components of shareholders' equity on December 31, 2016 Share Capital-Ordinary, RM10 par value, 50,000 shares authorized, 20,000 shares issued and outstanding Share Premium, Ordinary Retained Earnings Total Shareholders' equity In year 2017, the following transactions affected its shareholders' equity accounts. Jan 1 Purchased 2,000 of its own shares at RM20.00 cash. Jan 5 Directors declared a RM2 per share cash dividend payable on Feb 28 to the Feb 5 shareholders of record Paid the dividend declared on January 5 Feb 28 July 6 Aug 22 Sept 5 Oct 28 Dec 31 RM200,000 30,000 135,000 365,000 Sold 750 of its treasury shares at RM24 cash per share. Sold 1,250 of its treasury shares at RM17 cash per share. Directors declared a RM2 per share cash dividend payable on October 28 to the September 25 shareholders record. Paid the dividend declared on September 5 Closed the RM194,000 credit balance (from net income) in the Income Summary account to Retained Earning. Required: 1. Prepare journal entries to record each of these transactions for 2017. 2. Prepare a statement of changes in equity for the year ended December 31, 2017.