Question 6 Not yet answered Marked out of 15.00 Flag question RM Shareholders' equity of Meranti Kenanga Berhad at January 1, 2019 are as follows: Shareholders' Equity Paid-up Capital: 150,000 units of 8%, Preference Share 600,000 units of Equity Share Total Paid-up Capital Retained Earnings Total Shareholders' Equity 1,125,000 3,300,000 4,425,000 6,000,000 10,425,000 During the year 2019, the following transactions occurred: Jan 18 issued 300,000 units of Equity Share for cash at RM5 per share. Feb 27 Declared cash dividend RM500,000 for shareholders of record on March 31. 20 Mar Issued 24,000 units of Equity share for building. The market value of the building was RM1,300,000 31 Mac Updated shareholders' record for dividend payment and distribution. 15 April Paid cash dividend. Issued 35,000 units of 8%, Preference Share for land. The asking price of 14 May Ithald 15 At thirthafran coch 14 May s Jun 1 Sep 10 Nov issued 35,000 units of 89, Preference Share for land. The asking price of the land was RM150,000. At this date, the price of the preference share was RM7.50 per share. issued 100,000 units of 8%, Preference Share for cash at RM7.60 per share. Announced a 2-for-1 share split for Equity Share. Declared a 1:5 share dividend to equity shareholders of record on this date and the market price of the share was RM3 per share. Distributed share dividend. Earned net income of RM2,500,000 20 Dis 31 Dis Dikehendaki: Journalize all transactions above. (10 marks) b) Prepare the shareholders' equity section of statement of financial position of Meranti Kenangan Berhad at December 31, 2019. (5 marks) a)