The accounung penoa Tor Innuendo Bhd ends on 1 December every year. The company was authorized to issue 800,000 ordinary shares. The company reported the following balances at 31 December 2019: Account Ordinary Shares Revaluation Reserves Retained Earnings RM 500,000 100,000 250,000 During the financial year 2020, the following transactions affected the equity of Innuendo Bhd: a. The Statement of Profit or Loss and Other Comprehensive Income provided the following information: (1) Net income of RM140,000. (ID) Revaluation gain of RM50,000. (ill) Foreign exchange translation loss of RM15,000. The company issued new ordinary shares at a value of RM150,000. Cash dividends of RM75,000 were declared and paid. b. C. Required: 1. Prepare the Statement of Changes in Equity for the year ended 31 December 2020 for Innuendo Bhd. 11. Prepare the journal entries for the RM75,000 cash dividends above if: On 28 March 2020: Annual General Meeting of Innuendo Bhd approves a final dividend for 2018 of RM75,000. il. On 1 April 2020: Innuendo Bhd pays the RM75,000 cash dividends to shareholders. 5. Explain TWO (2) purposes of the Statement of Changes in Equity