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Need answer for question 6 entry on dec 31 2023 Have tried putting 1. retained earnings 2. comprehensive income 3. income summary for $1,450,000 but

Need answer for question 6 entry on dec 31 2023
Have tried putting 1. retained earnings 2. comprehensive income 3. income summary for $1,450,000 but isnt correct. image text in transcribed
image text in transcribed
Bramble Construction Ltd. prepares its reports using if85. The following information relates to its shareholders' equity on January 1 , 2023 , the first day of its fiscalyenr. During the yer, there were the following transactions related to shares. 1. On Miry 25, 2023, Eramble purchased equipment in exchange for 90,000 common shites with a market value of $3.20 per share. The fair value of the equipment was $296,200. 2. On June 1.2023. Bramble i board of directors declared the semi-innual dividend to the preferred shareholders of recond on lone 15, parabie June 30 . 3. The sami-annual dividervit to the preferred shareholders is paid on the appropriate date. 4. OnSeptember 16, 2023, rescquired 45,000 common shares for $160,000 cath. Viareholders and a 10s stock dividend to the common shareholders for shareholden of record on Decernber 31 , comprehentlve income. Dec. 15,2023 Dec, 15.2023 Dec31.2023V 00,31.2020% tan202024 Cash To record parment of dividend Slock Dividends Ditritutath Cenmenshare Cash Dividends-Preferred Dividends Payable (To record declaration of cash dividend) \begin{tabular}{|l|} \hline Stock Dividends \\ \hline Stock Dividends Distributable \\ \hline \end{tabular} (Torecord dectarstion of stock dividend) Notinty Accumulaied OC: 470000 4470000 Insagent (flo record distribution of stock dividend) 470000

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