RM Chantique Berhad shareholders' equity consisted of the following on 1 January, 2009: Shareholders' Equity Paid-up capital Share Capital 5% Preference share, RM100 par value, cumulative, 500,000 shares authorized, 300,000 shares issued and outstanding Ordinary share, no par, RM25 stated value, 10,000,000 shares authorized, 4,000,000 shares issued and outstanding Total share capital Additional paid-up capital Share Premium - preference Share Premium - ordinary Total paid-up capital Retained earnings Total shareholders' equity 30,000,000 100,000,000 130,000,000 3,000,000 6,000,000 139,000,000 41.000.000 180.000.000 Additional information: 1. The following are transactions carried out during the financial year ended 31 December 2009: 25 Jan 2009 Issued 60,000 shares of ordinary share for RM40 per share. The Board of Directors declared a cash dividend on preference and ordinary share totaling RM7,000,000, payable on 15 March to shareholders of record on 28 February. (Record dividends payable on preferred and ordinary share in separate accounts.) 18 Feb 2009 28 Feb 2009 Date of record for cash dividends on preference and ordinary share. 15 Mar 2009 Paid the cash dividend to preference and ordinary shareholders. Declared a 10% share dividend on the ordinary share, payable on 15 June, to shareholders of record on 31 May. The market value of Chantique Berhad's ordinary share was RM40 per share. 20 May 2009 15 June 2009 Distributed share dividend to ordinary shareholders. Purchased 50,000 shares of ordinary share for the treasury at RM44 10 July 2009 per share, 2. Included in the retained earnings is preference dividend in arrears for 2008. Required: Prepare the appropriate journal entries, if any, for the transactions in 2009. (Show all workings) 6 of 11 JPK/DIS 09/ACC3102