Beamsley Corporation was organized in 2014 to operate a financial consulting business. The charter authorized 12,000 common shares, no par value. During the first year, the following selected transactions were completed a. Issued 5,100 shares of common shares for cash at $16 per share. b.issued 1,100 shares of common shares for cash at $19 per share Required: 1. Show the effects of each transaction on the accounting equation (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Transaction a Liabilities Shareholders' Equity b 2. Prepare the journal entry required for each of these transactions (If no entry is required for a transaction/event, select "No journal entry requi in the first account Teld.) View transaction list 3. Prepare the shareholders' equity section as it should be reported on the 2014 year- end balance sheet. At year-end, the accounts reflected a profit of $100. Shareholders' Equity Contributed capital: Total contributed capital Shareholders' equity 4-a. Beamsley Corporation has $30,000 in the company's bank account. Should the company declare cash dividends at this time? Yes NO