Dividend and Retained Earning

W Here is presented a portion of equity from Casey Co. at the end of 2019: Share capital - preference, 3%, $ 50 par value $ 2,000,000 Share capital ordinary, $ 20 par value $ 1,900,000 Retained earnings :5 4,400,000 Transactions that occurred during 2020 are: 05 Jan Cash dividends are announced to preferred Share holders and common stock. Share holder can receive dividends of 2$ per share 14 Feb Records of the January 5 dividend announcement were made 02 Mar Cash dividends paid are announced on January 5. 04 Apr Found an error in recording last year's depreciation expense. where depreciation expense of $ 1,500 is recorded at $ 15,000 11 Apr Cash dividends are announced to preferred shareholders. 02 Jul 10% share dividend is announced to ordinary shareholders. Common stock market price at the announcement of $ 23 per share. 25 Jul Recorded of announcement of preferred stock dividends. 31 Jul Recorded of announcements of ordinary stock dividends 31 Aug Dividends are paid to preferred shareholders 19 Nov Shares issued for dividends which has announced on July 2. 07 Des Share split 4 for 1 for ordinary shares. 31 Des The company reported a net profit in 2020 of$ 900,000. Requested: 1. Make all the journals needed to record the transaction above along with the closing journal! 2. Compile a retained earnings statement for the year ending 2020! || Pagelo H