Winnipeg Enterprises Inc. reported the following summarized balance sheet at December 31, 2019:

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

{Requirements}
1. Journalize Winnipeg Enterprise's transactions. Explanations are not required.
2. Report Winnipeg Enterprise's shareholders' equity at December 31, 2020. Net income for 2020 was \(\$ 62,000\).

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Assets Current assets, Property and equipment, net Total assets. Liabilities and Equity Liabilities. Shareholders equity: $5 cumulative preferred shares, 180 shares issued.. Common shares, 2.400 shares issued Retained earnings.. Total liabilities and equity............ $18,200 34,700 $52,900 $ 6,200 1,800 25.900 19,000 $52,900