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Doge Blkes began operations on January 1, 2020, and immediately issued its shares, receiving cash. Doge Blkes' Balance Sheet at December 31, 2020, reported the

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Doge Blkes began operations on January 1, 2020, and immediately issued its shares, receiving cash. Doge Blkes' Balance Sheet at December 31, 2020, reported the following shareholders' equity: During 2020, Doge Blkes: a. Issued 51,000 shares for $3 per share. b. Purchased 1,000 shares of treasury shares, paying $9 per share. c. Resold 150 shares of the treasury shares at $9 per share. d. Earned net income of $60,000 and declared and paid cash dividends. Revenues were $178,000 and expenses totaled $118,000. Required A. Journalize all of Doge Bikes' shareholders' equity transactions during the year. (6 marks) B. Show how the company reported cash flows from financing actlvities during 2020. (6 marks)

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