C-3 Networking Solutions Inc. began operations on January 1, 2020. C-3's balance sheet at December 31, 2020, reported the following shareholders' equity: Common shares $ 260,000 Retained earnings. 46.000 Total shareholders' equity 306,000 (Click icon to view the shareholders' equity transactions.) Requirement Record all of the journal entries that yield the reported shareholders' equity balances at December 31,2020. (Record debits first, then credits. Explanations are not required.) a. Issued 49,000 common shares for $4 per share. Journal Entry Date Accounts Debit Credit Cash 196000 Common Shares 196000 b. Issued additional common shares for $10 per share. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. b. Issued additional common shares for $10 per share. Journal Entry Date Accounts Debit Credit Cash 64000 Common Shares 64000 d. Declared and paid cash dividends. Journal Entry Date Accounts Debit Credit Retained Earnings 46000 Cash 46000 - Shareholders' equity transactions During 2020, C-3: a. Issued 49,000 common shares for $4 per share. b. Issued additional common shares for $10 per share. c. Earned Revenues of $175,000 and incurred Expenses totalling $113,000. d. Declared and paid cash dividends. Print Done