GreenEnergy Solutions is reviewing its financial performance for the year ending December 31, 20X1. The company had the following transactions:

• January 1: Issued 10,000 shares of common stock at $20 per share.
• April 15: Declared a dividend of $0.50 per share, payable on May 15 to shareholders of record on April 30.
• July 1: Issued bonds payable of $500,000 at a 6% interest rate, payable annually on June 30.
• September 30: Repurchased 2,000 shares of its own common stock at $22 per share.
• December 31: Reported net income of $150,000 for the year.

Required:

1. Prepare journal entries for each of the above transactions.
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. Discuss the impact of the bond issuance and stock repurchase on the company’s financial position and earnings per share (EPS).