Current Attempt in Progress On January 1, 2021. Kraft Company had 68,000 common shares, recorded at $544,000. The company follows IFRS. Assume the balance in Retained Earnings at the beginning of the year is $400,000 and profit for the year was $185,000. During the year, the following transactions occurred: Apr. 1 June 15 Issued 10,000 common shares at $10 per share. Declared a 7% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $13.50 a share at this time. Announced a 2-for-1 stock split. Shares were trading at $11.25 per share at the time. Sep M 21 Nov. 1 Dec 20 Dec 27 Issued 2,000 common shares at $3.40 per share. Repurchased 10,000 common shares for $5 per share. This was the first time Hum had repurchased its own shares. Paid cash dividends of $40,000. Prepare the journal entries for the above transactions. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record Journal entries In the order presented in the problem. Round average per share to 2 decimal places, eg. 15.21 and final answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Cash Apr 1 100000 1000% Common Shares June 15 Stock Dividends 73710 737 Stock Dividends Distributable 73710 Sept. 20 Stock Dividends Distributable 737 Common Shares Sept 21 No Entry No Entry Question 6 of 8 - /20 No Entry Nov. 1 Cash 6800 684 Common Shares Dec. 20 Dec. 27 Cash Dividends - Common 40000 4004 Cash List of Accounts Prepare the Retained Earnings section only of the statement of changes in shareholders' equity. Kraft Company Statement of Changes in Shareholders' Equity Balance, January 1 544000 Profit/(Loss) Stock Dividend Stock Dividend Cash Dividends $ Balance, December 31