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3) Table 13-4 Kelsatron Capital Ltd, Partial Balance Sheet December 31, 2020 shareholders' Equity Contributed Capital: Preferred shares, $1.00, cumulative, 100,000 shares, authorized 20,000 shares issued and outstanding Common shares, unlimited number of shares authorized, 100,000 shares issued and outstanding Total contributed capital 450,000 $100,000 350 000 170 000 m Retained earnings Total shareholders' equity Refer to Table 134. Assume that the preferred shares are cumulative and that there have been no dividends declared in 2017, 2018 and 2019. Kelsatron Capital Ltd. declared a total cash dividend of $85,000 on December 3, 2020 for shareholders on record January 31, 2021. Kelsatron Capital Ltd. will pay the dividend on February 12, 2021. Instructions: Calculate the total amount of dividend for each class of shares and prepare thejournal entries for each dividend date (no explanations required). Use separate dividends payable accounts for preferred and common shares. If no journal entry is required, indicate so on the appropriate date. (8 Marks) Using your solution from the previous question, indicate the dividend amount per share received by the common shareholders. Do not round (2 Marks). 4) Kevination Pursuits Corporation's shareholders' equity section at December 31, 2019 appears below: shareholders' equity Common shares, no par value, 65,000 shares issued and outstanding $725,000 Retained earnings 100 000 Total shareholders' equity M On June 30, 2020, the board of directors of Kevination Pursuits Corporation declared a 15% stock dividend, payable on July 31, 2020, to shareholders of record on July 15, 2020. The fair market value of Kevination Pursuits Corporation's shares on June 30, 2020 was $13 per share. On December 1, 2020, the board of directors declared a 3-for-1 stock split effective December 15, 2020. Kevination Pursuits Corporation's shares were selling for $16 on December 1, 2020, before the stock split was declared. Net Income for 2020 was $125,000 and there were no cash dividends declared, Instructions: a) Prepare the journal entries (no explanations required) on the appropriate dates to record the stock dividend and the stock split. If nojournal entry is required, indicate so on the appropriate date. (7 Marks) b) Fill in the amount that would appear in the shareholders' equity section for Kevination Pursuits Corporation at December 31, 2020, for each of the following items (8 Marks), 1. Common Shares 5 2. Number of shares outstanding 3. Retained Earnings 5 4. Total shareholders' equity 5