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Macpie Prima Bhd $($MPB$)$ was formed on $1$ July $2000.$ The following data were taken from the Statement of Financial Position of MPB on $30$ June $2018$:

Share capital $$ Ordinary RM$150,000,000$ shares outstanding RM$277,500,000$

Retained earnings RM$98,523,150$

Fair value reserve RM$255,000$

During the financial year $2019,$ the following transactions took place:

$1.120,000$ ordinary shares were issued for cash on $15$ August $2018$ at RM$2\mathrm{.}30$ per share. Transaction costs incurred were as follows:

i$)$ Legal fees RM$10,500$

ii$)$ Underwriters fees RM $8,200$

$2.$ MPB has followed a schedule of declaring cash dividends in December and June with payment being made to shareholders of record in the following month of declaration. The cash dividends declared since $2018$ were shown below:

Declaration Date Dividend

$15$ June $20183$ sen per share

$15$ December $20182$ sen per share

$15$ June $2019-$

No cash dividends were declared during June $2019$ due to the company$$s liquidity problem.

$3.$ During the financial year $2019,$ fair value reserve decreased by RM$47,000$ due to the weaker stock market performance.

$4.$ Profit for the financial year $2019$ was RM$6,523,000.$

REQUIRED:

$($a$)$ Prepare journal entries to record the issuance of shares and dividend payments in the financial year $2019.$

$($b$)$ Prepare the Statement of Changes in Equity for MPB for the year ended $30$ June $2019$ in accordance with the requirements of MFRS $101$ Presentation of Financial Statements.

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