Temperas Kayangan Bhd $($TKB$)$ was formed on $1$ January $2001.$ The following data were taken from the Statement of Financial Position of TKB on $31$ December $2021$:

RM

Share capital $$ Ordinary $450,000,000$ shares outstanding $832,500,000$

Retained earnings $295,000,000$

Fair value reserve $765,000$

During the financial year $2022,$ the following transactions took place:

$1.360,000$ ordinary shares were issued for cash on $15$ February $2022$ at RM$2\mathrm{.}30$ per share. Transaction costs paid were as follows:

iii$)$ Legal fees RM$31,500$

iv$)$ Underwriters fees RM$24,600$

$2.$ TKB has followed a schedule of declaring cash dividends in July and December with payment being made to shareholders of record in the following month of declaration. The cash dividends declared since $2021$ were shown below:

Declaration Date Dividend

$15$ December $20213$ sen per share

$15$ July $20222$ sen per share

$15$ December $2022-$

No cash dividends were declared during December $2022$ due to the company$$s liquidity problem.

$3.$ During the financial year $2022,$ fair value reserve decreased by RM$141,000$ due to the weaker stock market performance.

$4.$ Profit for the financial year $2022$ was RM$19,569,000.$

REQUIRED:

$($a$)$ Prepare journal entries to record the issuance of shares and dividend related transactions in the financial year $2022.$

$($b$)$ Prepare the Statement of Changes in Equity for TKB for the year ended $31$ December $2022$ in accordance with the requirements of MFRS $101$ Presentation of Financial Statements.

$($c$)$ Share retirement method and treasury share method are two alternative methods of accounting for share buybacks allowed under the Malaysian Companies Act $2016.$ Briefly explain the accounting treatment for share buybacks under treasury share method.