QUESTION 1 Gold BHD is a local manufacturing company specialising in computer and technical services. The company was listed in Bursa Malaysia since 2010 with 45,000,000 units of ordinary shares, 500,000 units of 4% redeemable preference shares and 12,000,000 units of 5% non-cumulative preference shares as at 30 June 2021. Defined benefits asset as at 1 July 2020 650 1. Gold Bhd has a funded defined benefits plan to its employees. The following are the balances as at 30 June 2020 and 30 June 2021. Fair value of plan asset (RM) Defined benefits obligation (RM) 30 June 2020 30 June 2021 2,300,000 2,980,000 2,950,000 3,575,000 The current services cost for financial year end 30 June 2021 is RM699,000. The company incurred a past service cost of RM1,320,000. The annual discount rate used by the company is 12% whilst the expected rate of return is 15% per annum. During the year, a total of RM1,900,000 was paid to the benefits plan and RM1,500,000 is paid to retired employees. The present value of future economic benefits is RM545,000. Ordinary shares 2% convertible debentures 45,000 11,500 2. The 2% convertible debentures were issued on 30 April 2020 and can be converted in 50 ordinary shares for every RM200 debentures. On 1 June 2021, 20% of the convertible debentures were converted into ordinary shares. No adjustment has been made for the converted debentures and the debenture interest is still payable as at 30 June 2021. QUESTION: Discuss the full accounting treatment for each transactions and the journal entry. Show all workings clearly