Please show the procedures briefly

Mady Entertainment Inc. showed the following equity account balances on the December 31, 2016, balance sheet: Common shares, unlimited authorized shares, 680,000 shares issued and outstanding Retained earnings $6,120,000 1,930,000 During 2017, the following selected transactions occurred: Apr. 1 Repurchased and retired 176,000 common shares at $10.20 per share; this is the first retirement recorded by Mady. June 1 Declared a 2:1 share split to shareholders of record on June 12, distributable June 30) Dec. 1 Declared a 10% share dividend to shareholders of record on December 10, December 10, and December 20 were $7.20, $6.96, and $7.10 respectively. 20 Distributed the share dividend declared December 1. 31 Closed the credit balance of $1,296,000 in the Income Summary account. Required: a. Journalize the transactions above (assuming the retirements were the first ever recorded by Mady Entertainment Inc.) entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 4 5