QUESTION 3 Impiana Bhd. revealed the following information: a. The list of company's transactions that had occurred during the year ended 31 December 2020 but were yet to be accounted for and recorded in its accounting books: Date Jan 2020 Descriptions 50,000 ordinary shares at RM4.50 per share were issued for full payment. 9% RM300,000 bonds were issued at par but payable at RM315,110. The bonds have a maturity period of 5 years. The interests on bonds were payable semi-annually and were due on June 30 and December 31. The market rate was 8%. Mar 2020 A right issue was offered to existing shareholders, with the right to purchase one share for every 40 shares held, at RM1.50 lower than the market price. Market price on the date was RM5.30. All offers were taken up. Aug 2020 A 3-month loan amounting to RM 20,000 was secured at 5% interest per annum Sept 2020 Sales revenue of RM900,000 were covered by the company's service warranty. During the year, the company's estimated warranty expense was RM36,000 and the amount of warranty claims paid in the month of September was RM37,500 Oct 2020 Dividends to all ordinary shareholders which were proposed during the AGM of one-for-fifty (1:50) were approved. The market value per share was RM5.80 and the dividend rate declared was RM0.40 per share. The payment of the dividends was to be made in 2 stages; first, at the year-end (Dec 31) and the remaining on 15 January 2021. The company paid the bank loan; principal amount and interest. Dec 2020 Dividend attributable to preference shares were declared and paid. b. The balances in the company's Statement of Financial Position at the beginning of January 1, 2020: Assets Cash Other assets RM 421,600 885,400 1,307,000 Shareholders' Equity Ordinary share capital, 500,000 authorised, 170,000 issued 595,000 5.5% Preference share capital 150,000