EcoGoods Ltd. is preparing its financial statements for the year ending December 31, 20X1. The company had the following transactions related to equity: Issued 25,000 shares of common stock at $20 per share on January 1. Declared a dividend of $0.50 per share on March 31, payable on April 15. Issued 10,000 shares of preferred stock at $30 per share on June 30. Repurchased 3,000 shares of common stock at $25 per share on September 30.

Required:

1. Prepare the journal entries for each of the equity transactions during the year.
2. Calculate the total dividends declared and paid during the year.
3. Prepare the equity section of the balance sheet as of December 31, 20X1.
4. Explain the impact of the equity transactions on the company’s financial position and earnings per share (EPS).