On January 1, 2021, Kraft Company had 73,000 common shares, recorded at $438,000. The company follows IFRS. Assume the balance in Retained Earnings at the beginning of the year is $400,000 and profit for the year was $185,000. During the year, the following transactions occurred: Apr. 1 Issued 10,000 common shares at $8 per share. June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $11.50 a share at this time. Sep. 21 Announced a 2-for-1 stock split. Shares were trading at $9.25 per share at the time. Nov. 1 Issued 2,000 common shares at $3.90 per share. Dec. 20 Repurchased 10,000 common shares for $5 per share. This was the first time Hum had repurchased its own shares. Dec. 27 Paid cash dividends of $36,000.

Prepare the journal entries for the above transactions