Integrity Berhad redeemed all the redeemable preference shares at a premium of 8%. A total of 8,000,000 ordinary shares of RMI each were issued at a premium of 9% to partly finance the redemption. Integrity Berhad Statement of Financial Position as at 31 December 2019 Non-current assets Current assets Bank Ordinary shares of RM1 each 4% redeemable preference shares of RM1 each Retained profits Current liabilities Required: Compute the necessary workings to capture the redemption of preference shares out of profits and through the issue of new shares. (3 marks) (b) Prepare the relevant journal entries to record the transactions. (d) RM'000 52,650.00 11,520,00 46,800.00 110,970.00 30,600.00 22,950.00 43,920.00 13,500.00 110,970.00 Explain why a company may wish to issue new shares. (9 marks) Present the extract of Statement of Financial Position immediately after the redemption and issuance of shares. (5 marks) (3 marks)