The equity balances for Acacia Ltd at the 1 July 2018 comprised the following:

Share capital	$2 988 000
(All ordinary shares, issued and paid to $5, less issue costs of $12 000)
Retained earnings	$7 600 400
	$10 588 400

On 1 October 2018, Acacia Ltd issued a prospectus for applications for 200 000 ordinary shares to the public at an issue price of $7, payable $2.50 on application, $1.50 on allotment and the remaining $3 in future call(s) as determined by the directors.

By 1 December applications had been received for 240 000 ordinary shares with $2.50 attached.

At a directors meeting on 5 December, it was decided to reject applications for 40 000 shares and issue shares to the remaining applicants.

Share issue costs of $4000 were paid on 5 December. All outstanding allotment money was received by the 1 January 2019.

The first call for $2 was made on 1 February 2019 with all money received by 20 February. The final call for $1 was made on 20 June 2019. At 30 June 2019 this call money had not been received in relation to 25 000 shares.

Required

A. Prepare the journal entries to record the transactions of Acacia Ltd as outlined above. (Show all workings.)

B. Calculate the amount of share capital in the statement of financial position of Acacia Ltd as at 30 June 2019 (Show all workings.)