Chapter 14 The shareholders' equity of Lester Management Corp as of January 1, 2020, follows (Click the icon to view the shareholders' equity at the end of 2020.) Lester Management Corp completed the following transactions during 2020 (Click on the icon to view the transactions.) Required < Question 5, Exercise 14-17 (similar te Prepare the shareholders' equity section of the balance sheet of Lester Management Corp as of December 31, 2020 Do not prepare journal entries fo Prepare the shareholders' equity section for the balance sheet for Lester Management Corp as of December 31, 2020 Contributed capital Shareholders' Equity Preferred shares, $8 00 noncumulative 12,000 shares authorized, 4,700 shares issued and outstanding Lester Management Corp. completed the following transactions during 2020 (Click on the icon to view the transactions.) Required B Prepare the shareholders' equity section of the balance sheet of Lester Management Corp as of December 31, 2020 Do not prepare journal entries for the above transactions Prepare the shareholders' equity section for the balance sheet for Lester Management Corp as of December 31, 2020 Shareholders' Equity Contributed capital Preferred shares, $8 00 noncumulative 12,000 shares authorized, 4,700 shares issued and outstanding Common shares, unlimited shares authorized Total contributed capital Retained earnings Total shareholders' equity shares issued and outstanding heet heet s' Eq utho S Contributed capital Shareholders' Equity Preferred shares, $8.00, noncumulative 12,000 shares authorized, 4,700 shares issued and outstanding Common shares, unlimited shares authorized, 152,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity Print Done $ 47,000 2,128,000 2,175,000 627,100 $ 2,802,100 Mana More info er Man 700 sh ued ar Feb. 6 Declared the required annual cash dividend on preferred shares and a $0.19 per share cash dividend on the common shares. 26 Jun. 4 Jul. 5 Paid the cash dividend that was declared on February 6. Purchased 10,000 of its own common shares for $16.50 per share. Distributed a 2-for-1 stock split on the common shares. The net loss for the year was $74,000. Print Done