Included in the December 31, 2018, Jacobi Company balance sheet was the following shareholders’ equity section:

The company engaged in the following stock transactions during 2019:
Jan. 4 Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2018.
5 Issued 500 shares of preferred stock at $110 per share.
22 Issued 4,000 shares of common stock at $23 per share.
Apr. 2 Reissued 700 shares of treasury stock at $24 per share.
May 14 Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
June 4 Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
29 Issued the stock dividend declared on May 14.
July 5 Paid the cash dividend declared on June 4.
20 Split the common stock 2-for-1 and reduced the par value to $2.50 per share.
Aug. 3 Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Robot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.
Sept. 14 Paid the property dividend declared on August 3.
Dec. 3 Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.

Required:
1. Prepare journal entries to record the preceding transactions.
2. Prepare the December 31, 2019, shareholders’ equity section (assume that 2019 net income was $270,000).

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Contributed Capital: Preferred stock, 6%, $100 par Additional paid-in capital on preferred stock Common stock, $5 par Additional paid-in capital on common stock Total contributed capital Retained earnings Accumulated other comprehensive income (loss): Unrealized decrease in value of available-for-sale securities Total contributed capital, retained earnings, and aCcumulated other comprehensive income Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2018) Total Shareholders' Equity $200,000 12,000 $150,000 240,000 $ 212,000 390,000 $ 602,000 627,000 (41,000) $1,188,000 (20,000) $1,168,000