Prepare journal entries for the transactions belowPrepare shareholders equity section of the SPF

A14-7 Share Retirement: On I January 20X5, BC Ventures Corp. reported the following in shareholders' equity: Preferred shares, no-par value, $0.70, cumulative, authorized, unlimited shares, issued, 80,000 shares $386,000 Common shares, no-par value, authorized, unlimited shares; issued, 80,000 shares 642,000 Contributed capital on retirement of common shares 14,000 Retained earnings 1,250,000 AOCI for foreign exchange gains on foreign subsidiary 38,000 During 20X5, certain shares were reacquired. In accordance with the regulations in BC Ventures' incorporating legislation, all reacquired shares were retired. Transactions were as follows. 15 January Bought 7,000 preferred shares for $5.20 per share 12 February Bought 2,000 common shares for $11 per share 25 February Bought 4,000 preferred shares for $4.00 per share 26 April Bought 5,000 preferred shares for $6 00 per share 16 July Bought 8,000 common shares for $7.50 per share Other transactions during the year 30 July Stock dividend on common shares, 5%, declared and distributed. The board of directors agreed to capitalize the dividend 30 November The board of directors declared a dividend adequate to pay $ 1 per share to all common shareholders. This meant that the