On january 1, 2024 wildhorse enterprise inc had 65000 common shares, recorded at 50000. The company follows ifrs assume the balance in retained earnings at the beginning of the year is 500000 and profit for the year was 165000 during the year the following transactions occurred:

apr 1 issued 10000 common shares at 10 per share

june 15 declared a 5% stock dividends to shareholders of record on september 5 distributable on september 20 the shares were trading for 12 share at this time

sept 21 announced a 1-for-2 reverse stock split. Shares were trading at 10 per share at the time.

Nov 1 issued 2000 common shares at 24 per share

dec 20 repurchased 10000 common shares for 22 per share. this was the first time wildhorse had repurchased its own shares

Dec 27 paid cash dividends of 61000

Prepare the journal entries for the above transactions

Prepare the retained earnings section only of the statement of changes in shareholders' equity

On January 1,2024 , Wildhorse Enterprises Inc. had 65,000 common shares, recorded at $520,000. The company follows IFRS. Assume the balance in Retained Earnings at the beginning of the year is $500,000 and profit for the year was $165,000. During the year, the following transactions occurred: Apr. 1 Issued 10,000 common shares at $10 per share. June Declared a 5\% stock dividend to shareholders of record on September 5, distributable on September 20. The shares 15 were trading for $12 a share at this time. Sept. Announced a 1 -for-2 reverse stock split. Shares were trading at $10 per share at the time. 21. Nov. 1 Issued 2,000 common shares at $24 per share. Dec. Repurchased 10,000 common shares for $22 per share. This was the first time Wildhorse had repurchased its own 20 shares. Dec. Paid cash dividends of $61,000