Mannesh Inc. ended 2019 with 9 million number of common shares issued and outstanding. The average issue price of these shares was $1.33. Beginning retained earnings totalled $35 million. In March 2020, Mannesh Inc. issued 6 million common shares at a price of $7 per share. In May 2020, the company declared and distributed 4 percent stock dividend at a time when Mannesh's common shares had a fair value of $8 per share. Then in October 2020, Mannesh's stock price dropped to $5 per share and the company executed a 1-for-2 stock split. For the year, Mannesh Inc earned net income of $22 million and declared and paid cash dividends of $13 million. Required: 1. Complete the following tabulation to show what Mannesh Inc should report for shareholders' equity at December 31, 2020. Common Retained Total (Amounts in millions) Shares Earnings Equity Balance, Dec 31, 2019 Issuance of shares Stock dividends Net income Cash dividends Balance, Dec 31, 2020 2. Journalize the transactions noted above (Journal entry explanations are not required)