A-1 Networking Solutions Inc. began operations on January 1, 2020. A-1's balance sheet at December 31, 2020, reported the following shareholders' equity: Common shares $ 249,500 Retained earnings. 41,000 Total shareholders' equity $ 290,500 i (Click icon to view the shareholders' equity transactions.) Requirement Record all of the journal entries that yield the reported shareholders' equity balances at December 31,2020. (Record debits first, then credits. Explanations are not required.) Shareholders' equity transactions lit During 2020, A-1: a. Issued 45,000 common shares for $4 per share. b. Issued additional common shares for $11 per share. c. Earned Revenues of $178,000 and incurred Expenses totalling $115,000 d. Declared and paid cash dividends. Print Done Hit