Effect of Transactions: The following statement of changes in shareholders' equity summarizes various equity transactions that occurred during \(20 \mathrm{X} 2\) :

Required:

Journalize the transactions in the statement of shareholders' equity. For earnings, close the income summary to retained earnings.

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HEISLER CORPORATION Changes in Shareholders' Equity for the year ended 31 December 20X2 (in thousands) Contributed Capital from Preferred Common Common Share Retained Total Shares Shares Retirement Earnings Equity Balance at 1 January 20X2 $140 $500 $50 $650 $1,340 Net earnings and comprehensive income 210 210 Shares issued 120 200 320 Share issue costs (11) (11) Share buy-back (54) (18) (72) Share buy-back (26) (22) Stock dividend to shareholders 98 (98) Cash dividends to shareholders (42) (42) Balance at 31 December 20X2 $206 $772 $54 $691 $1,723