Bostwick Grocery Inc.'s balance sheet showed the following account information at November 30, 2019, 370,000 common shares authorized, with 82,000 shares issued, a Common Shares balance of $229,600, and the Retained Earnings account had a credit balance of $162,000. During 2020, the company completed the following selected transactions: i (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal. Explanations are not required. 2. Prepare the shareholders' equity section of the balance sheet at November 30, 2020. 3. Calculate the average issue price on November 30, 2020. Assume no shares were issued or repurchased after November 19, 2020. The following account information at November 30, 2019, 370,000 common shares authorized, with 82,000 shares issued, a Commo of $162, sactions. eral journa ection of th on Novemb Transactions Mar 15 Repurchased 10,500 of the company's own common shares at $3.25 per share. - X Apr. 29 Declared a 15 percent stock dividend on the 71,500 outstanding common shares to holders of record on May 2, with distribution set for May 16. The market value of Bostwick's common shares was $6.20 per share. May 16 Issued the stock dividend sharest ctions in the Nov 19 Split the common shares 3 for 1 by issuing two new shares for each old share held on December 30, 2020 30 Earned net income of $165,000 during the year. e company's Jd Accou Print Done s Requirement 1. Record the transactions in the general journal. Explanations are not required. (Record debits first, then credits. Explanations are not r Mar. 15: Repurchased 10,500 of the company's own common shares at $3.25 per share. Date Mar 15 Journal Entry Accounts D. Declared a 15 noveant stock dividend on the 71 500 m. Debit Credit 12 Apr. 29: Declared a 15 percent stock dividend on the 71,500 outstanding common shares to holders of record on May 2, with distribution set for May 16. The market value of Bostwick's common shares was $5.20 per share. Date Apt 29 Journal Entry Accounts Debit Credit Time Remaining: 01.06 19 5.5 Kbps Next May 16: Issued the stock dividend shares. Date May 16 Journal Entry Accounts Debit Credit Nov. 19: Split the common shares 3 for 1 by issuing two new shares for each old share held on December 30, 2020. Issued two new common shares for each old share previously issued; shares outstanding. Journal Entry Accounts Debit Credit Nov. 30: Earned net income of $165,000 during the year. Date Nov 30 4 Requirement 2. Prepare the shareholders' equity section of the balance sheet at November 30, 2020. Bostwick Grocery Inc. Balance Sheet (partial) November 30, 2020 Shareholders' Equity Contributed capital Requirement 2. Prepare the shareholders' equity section of the balance sheet at November 30, 2020, Bostwick Grocery Inc. Balance Sheet (partial) Shareholders' Equity Contributed capital November 30, 2020 Total shareholders' equity Requirement 3. Calculate the average issue price on November 30, 2020. Assume no shares were issued or repurchased after November 19, 2020. (Round your answe The average issue price on November 30, 2020, was $