The shareholders equity of Monnaz Berhad as at 31 December 2019 is as follows:

Retained Earnings RM1,200,000

500,000 units Equity Shares RM1,000,000

50,000 units 6% Cumulative Preference Shares RM500,000

The followings are transactions related to equity throughout the year 2020.

Jan 20	Issued 50,000 units equity shares at RM3 per share for cash.
Feb 15	Issued 2,000 units 6% cumulative preference shares in consideration to the company's solicitor for the cost of company incorporation services amounting to RM25,000.
Mar 25	Issued 20,000 units of equity shares in return for acquiring a piece of land. The offer price of the land is RM85,000 but the market value is RM80,000.
Apr 20	Issued 4,000 units 6% cumulative preference shares at RM15 per share for cash.
May 31	Carried out a share split for equity shares 1:2.
June 22	Issued 60,000 units equity shares at M1.80 per share for cash.
Jul 31	Declared cash dividend of RM600,000 to all shareholders as per the records on 1 June 2020. A review of the records showed that no dividend was declared in 2019.

Aug 15	Declared share dividend of 10% on existing shares as of 1 June 2020. The market price of the shares on this date is RM2.50.
Sept 12	Updated records of preference and equity shareholders for dividend payment purposes.
Nov 30	Paid the cash dividend that was declared on 31 July and distributed the share dividend declared on 15 August.
Dis 31	Net profit for 2020 was RM420,000.

Required:

a.Prepare journal entries to record transactions throughout 2020 (omit explanation).

b.Show the presentation of shareholders equity section in the Statement of Financial Position of Monnaz Berhad as at 31 December 2020.

c.Show the distribution of cash dividends paid on 30 November to preference and equity shareholders.