Question 3 The following is the statement of financial position of the Generation Bhd as at 30 June 2019: Generation Bhd Statement of Financial Position as at 30 June 2019 RM Non-current assets Land and building Investment 15,000,000 4,000,000 Current asset 3,013,600 Other current assets Bank 4,200,000 26,213,600 Issued and paid-up capital 4,000,000 ordinary shares Reserves 8,000,000 Retained earnings 6,953,600 17,453,600 Non-current liabilities 7 million 5% Redeemable Preference Shares 10% debentures 10,500,000 760,000 26,213,600 The directors decided on the following matters: 1. The company decided to redeem half of 5% Redeemable Preference Shares. 2. In order to finance the redemption, the company decided to issue 2,000,000 unit of ordinary shares at RM2. 3. To dispose half (1/2) of the investments at a profit of RM200,000. Required: Journalize the above transactions. (6.5 marks)