Exyuisite Jewellery Limited reported the following summarized balance sheet at December 31, 2019:

During 2020, Exquisite completed these transactions that affected shareholders' equity:

{Requirements}
1. Journalize Exquisite's transactions. Explanations are not required.
2. Report Exquisite Jewellery Limited's shareholders' equity at December 31, 2020. Net income for 2020 was \(\$ 27,000\).

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Assets Current assets..... Property and equipment, net Total assets a $33,400 51.800 $85.200 Liabilities and Equity Liabilities........ $37,800 Shareholders' equity: $0.50 cumulative preferred shares, 400 shares issued. 2,000 Common shares. 6,000 shares issued 23.400 Retained earrings. 22.000 Total liabilities and equity. $85,200