Whiteroll Ltd has been investigating the expansion of the company into new areas of development. In order to fund these new investments, the company needs an increase in equity. On 1 April 2022 the company decided to make a public issue to raise \($1\)  800  000 for new capital development. The company issued a prospectus inviting applications for 600  000 \($3\) shares, payable in full on application. There was an additional incentive offered by Whiteroll Ltd to investors, as those shareholders who acquired multiples of 1 
000 shares were allowed to acquire options at 10c each. These options allowed the investors to acquire shares in Whiteroll Ltd at \($3.20\) each, the acquisition having to occur before 30 November 2022.

Whiteroll Ltd had received applications for 750  000 shares and 50  000 options by 10 May.
On 28 May the shares and options were allotted and money returned to unsuccessful applicants. All applicants who acquired options also received shares. The costs of the issue amounted to \($18\) 000.

By 30 November 2022 the price of each of Whiteroll’s shares was \($3.35.\) Holders of 49 900 options exercised their options in November, with the remaining options lapsing.
Required Prepare the journal entries in the records of Whiteroll Ltd in relation to the above events.