Tigers Ltd has presented the following information regarding its equity at 1 July 2012:

Shareholders Equity

Issued Share Capital (5,000,000 shares) 5,000,000

Reserves 575,000

Retained Earnings 2,830,000

Total $ 8,405,000

On 15^th July 2012, Tiger purchased a block of land, the consideration being 200,000 shares. The fair value of the land was $480,000. .

On 4 January 2013, Tiger declared an interim dividend of 10 cents per share. The dividend was paid on 1 February.

On 10 February 2013, Tiger issued a further 500,000 ordinary shares for cash at an issue price of $2.50 each.

On 30^th June 2013, the company reported a profit before tax of $2,342,000. Tax expense was estimated at $371,000. Directors transferred $300,000 to reserves, and declared a final dividend of $0.12 per share.

The final dividend and tax was paid on 22^nd July 2013.

(a) Prepare general journal entries for the transactions and events above.

(b) Prepare Statement of Changes in Equity for year ended 30 June 2013.