Fuller Corporation has authorized share capital of an unlimited number of common shares and 800,000, $3 preferred shares. On January 1 2020, the balance in its shareholders equity includes: 24,000 common shares valued at $64,000, 2,200 preferred shares valued at $52,000 and Retained earnings of $116,000. Profit for the year ending December 31, 2020 was $42,000. No dividends were declared during 2020. During 2020, Fuller Corporation had the following share transactions: Mar 1 Issued 4,000 common shares for $6 each. Jun 30 Issued 1,200 preferred shares for $13 each. Sep 1 Issued 55,000 common shares in exchange for land valued at $250,000. Required: a) Journalize the share transactions. (6 marks) b) Prepare the equity section of Fuller Corporation balance sheet at December 31, 2020. (14 marks)