6.London Gems Company reported the following summarized balance sheet at December 31, 20X6: Liabilities and Equity Liabilities $37,600 Shareholders' equity $0.6 cumulative preference shares, $15par, 400shares 6,000 issued Ordinary shares, $2 par, 6,300 shares issued 12,600 Paid-in capital in excess of par 17,400 Retained earnings 23,000 $96,600 Total Liabilities and Equity During 20X7, London completed these transactions that affected shareholders' equity: Issued 5,000 ordinary shares for $6 per share. Feb 13 Jun 17 Jun 24 Paid the cash dividend. Aug 9 Oct 26 Declared the regular cash dividend on the preference shares. Distributed a 20% share dividend on the ordinary share. Market price of the ordinary share was $7 per share. Reacquired 800 ordinary shares as treasury shares, paying $8 per share. Nov 20 Sold 600 shares of the treasury shares for $12 per share. Requirements Journalize London's transactions. Explanations are not required. (6marks)