100,000 losing L02,3,4,5,6 2020: Common shares, unlimited shares authorized 100.000 shares issued and outstanding Retained earnings Total equity $ 480.000 640 000 51.128.000 ctober 31, Dividends dividends 2 Mar 17). 31 Nov 25 1 The directors declared a $0.90 per share cash dividend payable on March 31 to the March 15 shareholders of record Paid the dividend declared on March 2 Issued 12,000 common shares at $780 per share Issued 8,000 common shares at $5.70 per share The directors declared a $1.50 per share cash dividend payable on January 2, 2022. to the December 10 shareholders of record Closed the $321,600 credit balance in the Income Summary account to Retained Esmings. Closed the Cash Dividends account Dec 120,000 19. 31 31 ting the Required 1. Prepare general journal entries to record the transactions and closings for 2021. 2. Prepare a statement of changes in equity for the year ended December 31, 2021. 3. Prepare the equity section of the company's balance sheet as of December 31, 2021. 857 Analysis Component: How much of QuickStream's assets are financed by the common shareholders at Poember 31, 2021? Explain what other sources of financing are available. Problem 12-6B Share transactions, statement of changes in equity dividend distribution CHECK FIGURES: 2. Retained earnings, December 311609 600, 3. Tonlequity - $1,319 300 The balance sheet for QuickStream Inc. reported the following components of equity on December 31. The company completed these transactions during 2021