On 1 april 20x7, a company issued 40,000 $1 redeemable preference shares with a coupon rate of 8% at par. they are redeemable at a large premium which gives them an effective finance cost of 12% per annum. required: how would these redeemable preference shares appear in the financial statements for the years ending 31 march 20x8 and 31 march x9?