At December 31, 2019, Country Water Mall Inc. reported shareholders' equity as follows (Click the icon to view the shareholders' equity report.) During 2020, Country Water Mall completed the following transactions (listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Country Water Mall's statement of changes in shareholders' equity for 2020. Prepare Country Water Mall's statement of changes in shareholders' equity for 2020. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement of changes, leave the box empty; do not enter a zero. Complete all answer boxes in the Total column.) x Transactions Shareholders' Equity report Country Water Mall Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2020 Common shares, 500,000 shares authorized, 350,000 shares issued $ 980,000 Common Retained Shares 630,000 Retained earnings Earnings Total a. Declared and issued a 5 percent stock dividend on the outstanding shares. At the time, Country Water Mall shares were quoted at a market price of $8 per share. b. Issued 15,000 common shares at the price of $13 per share c. Net income for the year, $390,000. d. Declared cash dividends of $180,000. $ 1,610,000 Balance Dec. 31, 2019 Stock dividend Issuance of Print Done common shares Print Done Net income Cash dividends Balance Dec. 31, 2020