Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2019: (Click the icon to view the statement.) Requirements 1. (Click the icon to view the transactions.) Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2020. Net income for 202 Requirement 1. Journalize the transactions. (Record debits first, then credits. Explanations are not requires February 13: Issued 5.700 common shares for $8 per share Assets Current assets $ 33,500 Property and equipment, net 56,200 $ 89,700 Total assets Liabilities and Equity Liabilities $ 38,000 Shareholders' equity $0.30 cumulative preferred shares, 800 shares issued 6,400 Common shares, 6,200 shares Issued 24.300 21,000 Retained earnings $ 89.700 Total liabilities and equity During 2020, Diamond completed these transactions that affected shareholders' equity: Feb. 13 Issued 5,700 common shares for $8 per share. June 7 July 24 Aug. 9 Nov. Declared the regular cash dividend on the preferred shares. Paid the cash dividend. Distributed a 13 percent stock dividend on the common shares. Market price of the common shares was $9 per share. 20 Sold 900 common shares for $12 per share. Print Done