On January 1, 2021, the following information appears in the records of Brown Holdings Inc. Prepare the following transactions occurred during 2021. Prepare calculations of statement of equity and a statement of equity as of December 31, 2021 Authorized shares Unlimited number of Comme 1.000.000, 55 preferred cumulative med Retained camins haluac 595,000 Cotton shares 120.000 el total cost 5 390.000 Preferred shares 10,000 issued total cost $ 100.000 Mar 31 Declared cash dividends on common shares of S 0.50 per share; payable to shareholders of record on April 10, and payable on April Declared the entire annual dividend required on preferred shares; payable to shareholders of record on July 15, and payable on July 31. Sep 15 Declared a 10% stock dividend of S10.50 to shareholders of record on October 5, and distributable on October 15. Dec 31 Profit for the year was $378,000. 25. Jun 30 Date Account Titles Debit Credit Calculations for Statement of Equity: Statement of Equity