Cruz Inc., a publicly traded company, had the following balances in its shareholders' equity accounts at the beginning of $203$ :

Common shares $($no$-$par, unlimited shares authorized, issued, and

outstanding, $3,281,000$ shares$)$

$22,420,000$

Contributed capital, common share warrants $($common share warrants

outstanding, $54,000$ warrants allowing purchase of two shares

each at a price of $$18$ per share$)$

$517,000$

Contributed capital, stock options outstanding $($common share stock

options outstanding, $5,000$ options allowing purchase of shares

at a price of $$35$ per share$)$

$31,000$

The following transactions took place during the year:

At the beginning of $203,$ all $54,000$ warrants were exercised when the market value of the shares was $$25$ per share.

A consultant provided services to Cruz Inc. Cruz and the consultant negotiated stock options as the form of payment. The options

allow the consultant to purchase $8,500$ shares at a price of $$20$ per share, beginning next year $(20$X$4).$ Had the options not be

issued, the consultant would have charged $$125$ per hour. A total of $1,120$ hours were incurred during the year.

$15,000$ stock options were issued for proceeds of $$95,40,$ allowing purchase of $15,000$ shares at a price of $$21$ per share.

$10,000$ of the options issued in transaction $3$ above were exercised when the market value of the shares was $$31.$

$5,000$ stock options that were issued in $202$ expired during the year. The stock options allowed the holder to acquire common

shares at an acquisition price of $$35$ per share.

Options were issued to existing shareholders. The options allow the purchase of $10$ shares for each existing share held at a price of

$$5$ each. The options are exercisable only under certain limited conditions.

Required:

Provide journal entries for each of the transactions listed above. $($If no entry is required for a transaction$/$event$,$ select $"$No journal

entry required" in the first account field. Round your final answers to the nearest whole dollar.$)$Cruz Inc., a publicly traded company, had the following balances in its shareholders$$ equity accounts at the beginning of $20$X$3$:

Common shares $($no$-$par, unlimited shares authorized, issued, and outstanding, $3,281,000$ shares$)22,420,000$

Contributed capital, common share warrants $($common share warrants outstanding, $54,000$ warrants allowing purchase of two shares each at a price of $$18$ per share$)517,000$

Contributed capital, stock options outstanding $($common share stock options outstanding, $5,000$ options allowing purchase of shares at a price of $$35$ per share$)31,000$

The following transactions took place during the year:

At the beginning of $20$X$3,$ all $54,000$ warrants were exercised when the market value of the shares was $$25$ per share.

A consultant provided services to Cruz Inc. Cruz and the consultant negotiated stock options as the form of payment. The options allow the consultant to purchase $8,500$ shares at a price of $$20$ per share, beginning next year $(20$X$4).$ Had the options not be issued, the consultant would have charged $$125$ per hour. A total of $1,120$ hours were incurred during the year.

$15,000$ stock options were issued for proceeds of $$95,400,$ allowing purchase of $15,000$ shares at a price of $$21$ per share.

$10,000$ of the options issued in transaction $3$ above were exercised when the market value of the shares was $$31.$

$5,000$ stock options that were issued in $20$X$2$ expired during the year. The stock options allowed the holder to acquire common shares at an acquisition price of $$35$ per share.

Options were issued to existing shareholders. The options allow the purchase of $10$ shares for each existing share held at a price of $$5$ each. The options are exercisable only under certain limited conditions.

Required:

$1.$ Provide journal entries for each of the transactions listed above. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.$)$

$2.$ Calculate the ending balance for each equity account. $($Round your final answers to the nearest whole dollar.$)$

$3.$ What items would appear on the statement of cash flows in the financing activities section as a result of the changes in the equity accounts? $($Round your final answers to the nearest whole dollar.$)$