A and B

and if the issuance of 24,000 shares Problem 13-3B Share dividends, share splits, retirements, equity section of balance sheet L01, 2 CHECK FIGURE: Equity, Dec. 31, 2020 - $6,047,600 Ozzi Development Inc. showed the following equity account balances on the December 31, 2019, balance sheet $3,960,000 2,030,000 Common shares, unlimited authorized shares, 660,000 shares issued and outstanding Retained earnings. During 2020, the following selected transactions occurred: March May Nov. 1 1 1 Repurchased and retired 172,000 common shares at $7.20 per share this is the first retirement recorded by Ozd. Declared a 2:1 share split to shareholders of record on May 12, distributable May 30. Declared a 10% share dividend to shareholders of record on November 10, distributable November 20. The market prices of the shares on November 1, November 10, and November 20 were $4.20, $3.96, and $4.10, respectively Distributed the share dividend declared November 1. Closed the credit balance of $1.296,000 in the Income Summary account. 20 31 Dec. Required 2. Journalize the transactions above (assuming the retirements were the first ever recorded by OP Development Inc.). b. Prepare the equity section on the December 31, 2020, balance sheet. 908