Marvelous Jewellery Limited reported the following summarized balance sheet at December 31, 2013: (Click the icon to view the statement.) i (Click the icon to view the transactions.) Required 1. Journalize Marvelous's transactions. Explanations are not required. 2. Report Marvelous Jewellery Limited's shareholders' equity at December 31, 2014. Net income for 2014 was $22,000. Data table Assets Current assets Property and equipment, net Total assets Liabilities and Equity Liabilities Shareholders' equity: $0.10 cumulative preferred shares, 500 shares issued Common shares, 6,300 shares issued Retained earnings Total liabilities and equity .... .... $ $ 33,200 59,000 92,200 $ 37,300 $ 5,500 23,400 26,000 92,200 I More info During 2014, Marvelous completed these transactions that affected shareholders' equity: Feb 13 Issued 5,300 common shares for $10 per share. June 7 Declared the regular cash dividend on the preferred shares. July 24 Paid the cash dividend. Aug 9 Distributed a 6% stock dividend on the common shares. Market price of the common shares was $11 per share. 20 Sold 200 common shares for $14 per share. Nov I