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On December 31, 2019, PT A had the following equity accounts: Share Capital--Ordinary ($1 par value; 400,000 shares authorized; 300,000 shares issued) Ordinary Shares Dividends

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On December 31, 2019, PT A had the following equity accounts: Share Capital--Ordinary ($1 par value; 400,000 shares authorized; 300,000 shares issued) Ordinary Shares Dividends Distributable (60,000 shares) 60.000 Share Premium--Ordinary 1.200.000 Retained Earnings 700.000 Treasury Shares--Ordinary (10,000 shares) 60.000 Share Premium--Treasury 12.000 During 2020, the following transactions affected equity. 1 Issued ordinary shares dividend distributable of 2019. 2 Issued 25,000 ordinary shares for cash at $10 per shares. 3 Declared and paid cash dividends of $34,500. 4 Corrected overstatement of 2019 net income because of depreciation error $30,000. 5 Earned net income of $221,000. 6 Sold 4,000 treasury shares for $32,000

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