Question 3 DoubleClik Bhd was incorporated on 1 January 2016. Information related to share capital of the company as at 31 December 2016 was as follows: RM Share equity 195,500 Preference share 4% 427,750 Retained earnings 130,000 During 2016, the information regarding the issuance of shares are as follows: Share equity Preference share 4% Date Number Price per Number Price per (unit) share (unit) share (RM) (RM) 5 January 55,000 1.30 10 Mac 55,000 5.05 15 May 60,000 1.25 4 October 35,000 1.40 1 December 25,000 6.00 During 2017, the company's accountant made these journal entries: 3 April Dr Cash 40,500 Cr Share equity capital 40,500 20 July Dr Land 1 10,000 Cr Preference share capital 4% 110,000 Price per share of the share equity and preference share issued in 2017 are as follows: Price per share Date (RM) Share equity Preference share 4% 3 April 1.35 5.07 20 July 1.45 5.50 Net profit after tax of DoubleClick Bhd. for the year ended 31 December 2017 is RM145,000. Required: a) State the transactions on 3 April and 20 July. b) Prepare the owners' equity section in the Statement of Financial Position as at 31 December 2017 for DoubleClick Bhd. C) If DoubleClick Bhd declared dividend to preference shareholders at 15 December, prepare journal entries to record the declaration of this dividend