On January 1, 2020, Pronghorn Ltd. (a public company) had the following shareholders equity accounts: Preferred shares, $6 noncumulative, unlimited number authorized, none issued 0 Common shares, unlimited number authorized, 870,000 issued $ 4,350,000 Retained earnings 1,166,000 Accumulated other comprehensive income 133,000 The following selected transactions occurred during 2020: Jan. 2 Issued 90,000 preferred shares at $100 per share. Mar. 5 Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April 1. Apr. 18 Issued 160,000 common shares at $9 per share. June 5 Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Sept. 5 Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Dec. 31 Net income for the year was $390,000.

Enter beginning balances and post the entries to the shareholders' equity and dividends T accounts and arrive at the ending balances. (Post entries in the order of journal entries presented in the previous part.)

Preferred Shares

Preferred Shares
	enter a debit amount		enter a credit amount

enter a debit amount	choose a transaction date	enter a credit amount
	enter a debit balance	choose the end date of the accounting period	enter a credit balance

Accumulated Other Comprehensive Income
	enter a debit amount		enter a credit amount
	enter a debit balance		enter a credit balance

Dividends
	enter a debit amount		enter a credit amount
choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a debit amount	choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a credit amount
choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a debit amount	choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a credit amount
choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a debit amount	choose a transaction date Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a credit amount
choose the end date of the accounting period Jan. 1Jan. 2Mar. 5April 1April 18June 5July 1Sept. 5Oct. 1Dec. 5Dec. 31	enter a debit balance		enter a credit balance

Common Shares

Retained Earnings

Accumulated Other Comprehensive Income

Dividends

Prepare the statement of changes in shareholders equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Pronghorn Ltd. Statement of Financial Position (Partial) choose the accounting period For the Month Ended December 31, 2020For the Year Ended December 31, 2020December 31, 2020

Prepare the shareholders equity section of the SFP at December 31.

Prepare the financing activities section of the statement of cash flows for the year ended December 31. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)