At the beginning of 2019, Pumpkin Corporation's equity consisted of the following: Common shares, unlimited number of shares authorized, 24,000 shares issued and outstanding. Retained earnings Total shareholders' equity. $600,000 230,000 $830,000 During the year, the company completed these transactions: June July Nov. 23 The directors voted a $0.50 per share cash dividend payable on July 25 to the July 20 shareholders of record 25 Paid the dividend declared on June 23. 15 The directors voted a 2% share dividend distributable on December 10 to the December 1 shareholders of record. The market value of the shares was $40 per share. 10 Distributed the share dividend declared on November 15. 31 Closed the Income Summary account and carried the company's $60,000 net income to Retained Earnings 31 Closed Cash Dividends and Share Dividends accounts Dec Required 1. Prepare general journal entries to record the transa tions 2. Prepare a statement of changes in equity for the year and the equity section of the company's year. end balance sheet 3. Calculate earnings per common share