On December 31, 2020, shareholders' equity accounts of Outside Products Inc (OPI) had the balances shown below OPI paid dividends of S4 200 on December (Click the icon to view the shareholders' equity balances.) 1. OPI sold 20,000 common shares on June 30, 2020 What was the average selling price of those shares if this was the only common shares transaction during 20 2. Journalize OPI's sale of the common shares on June 30, 2020 3. Based only on the above information, did OPI earn a profit or loss during 2020? Calculato the profit or loss Requirement 1. OPI sold 20,000 common shares on June 30 2020. What was the average selling price of these shares if this was the only common shares transactic The average selling price of the shares was $ 1.00 per share Requirement 2. Journalize OP's sale of the common shares on June 30, 2020 (Record debits first, then credits. Explanations are not required) Journal Entry 2020 Accounts Debit Credit June 30 Common Shares 82,000 Dividends Retained Eamings Choose from any list or enter any number in the input fields and then click Check Answer acts Inc. (OPI) had the balances shown below. OPI paid dividends of $4,200 on December 1, 2020 average selling price of these shares if this was the only common shares transaction during 2020 Huring 2020? Calculate the profit or loss. What was the average selling price of these shares if this was the only common shares transaction during 2020? (Round your answer 30, 2020 (Record debits first, then credits. Explanations are not required.) Credit Debit 82,000 i Shareholders' equity balances - w 2020 2019 Common shares $ Retained earnings 82,000 $ 62,000 84,500 82,500 Total shareholders' equity.. $ 166,500 $ 144,500 Print Done