At December 31, 2016, Ocean Water Mall Inc. reported shareholders' equity as follows. (Click the icon to view the shareholders' equity report.) During 2017, Ocean Water Mall completed the following transactions (listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Ocean Water Mall's statement of changes in shareholders' equity for 2017 equity as follows. listed in chronological order). Shareholders' Equity report is n Common shares, 500,000 shares authorized, 250,000 shares issued Retained earnings 675,000 640,000 1,315,000 Print Done ext question O ted shareholders' equity as follows. uity report.) ving transactions (listed in chronological order) - X 0 Transactions in shareholders' e is not used in shareholders' e rer boxes in the 1 a. Declared and issued a 6% stock dividend on the outstanding shares. At the time, Ocean Water Mall shares were quoted at a market price of $8 per share. b. Issued 30,000 common shares at the price of $15 per share. c. Net income for the year, $370,000. d. Declared cash dividends of $140,000. ers' Equity 2017 ned Print pone angs Total ontinue to the next question At December 31, 2016, Ocean Water Mall Inc. reported shareholders' equity as follows. (Click the icon to view the shareholders' equity report.) During 2017, Ocean Water Mall completed the following transactions (listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Ocean Water Mall's statement of changes in shareholders' equity for 2017 Common Retained Shares Earnings Total Balance Dec 31, 2016 Stock dividend Issuance of common shares Net income Cash dividends Balance Dec 31, 2017