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.. Retained earnings. Total shareholders' equity $ 265,000 38,000 303,000 (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 45,000 common shares for $3 per share. Date Accounts b. Issued additional common shares for $12 per share. Date Accounts Debit Credit Debit Credit