QUESTION $3(22$ marks$)$ Roots Ltd is a company with a $31$ December financial year$-$end.$$ On $31$ March $2024,$ Roots Ltd announced a rights offer of $2$ ordinary shares for every $5$ ordinary shares held at a price of R$15$ per share. At the time of announcing the rights offer, Roots Ltd had $750000$ ordinary shares in issue. On $30$ April $2024,$ the closing date of the rights offer, Roots Ltd received applications for $85\%$ of the shares on offer from the public.$$ The rights offer was underwritten at a commission of $3\%,$ and share issue costs amounted to R$2500.$ All amounts relating to the rights offer were received on the closing date, $30$ April $2024.$ All costs relating to the rights issue were paid in cash on $15$ May $2024.$ The shares, in terms of the rights offer, were issued on $5$ May $2024.$ REQUIRED:$$ Prepare the general journal entries to account for the rights issue in the records of Roots Ltd for the financial year ended $31$ December $2024.$ Journal dates are required.$$ Journal narrations are not required.$$ All amounts should be rounded to the nearest Rand.$$ Show all calculations and references clearly.$(21$ marks$)$ Communication skill: Presentation $(1$ mark$)$