On 1. January 2019 RMG, Inc had 200000 shares of $ 10 par value common stock outstanding, Retained Earnings of $ 2150000 and additional paid-in-capital of $ 800000. During the year 2019 following equity transactions happened: ) Prepare journal entries to record all transactions.

) How many shares of common stock are outstanding on 31. December 2019 and what is the par value? (4 points)

c) Please prepare the stockholders` equity section of the balance sheet on 31. December 2019, assuming that authorized shares equals issued shares, using the table below. Net income for year 2019 is $ 650000.

Equity RMG, Inc. as of 31.December 2019: 10. March Distribution of additional shares of common stock in a 4:1 spli On 9. March shares noted with \$20. 3. May Cash dividend declared of $1,20 per share 30. May Paid $1,20 per share cash dividend to shareholders 02. Aug Declared a 8% stock dividend, market price $7 per share 28. Aug Issued shares from 8% stock dividend 20. Sept. Purchased 50000 treasury stock, market price $8 per share 31. Oct Reissued 30000 treasury stock for $9 per share 5. Dec. Reissued 10000 treasury stock for $6 per share