Problem 11-7A On January 1, 2018, Koome Corporation, a publicly traded company, had these shareholders equity accounts: Common shares (unlimited number of shares authorized, 235,000 shares issued) $2,350,000 Retained earnings 1.152,000 Accuated other comprehensive income 116,000 During the year, the following transactions occurred: Jan. 15 Declared a 31 per share cash dividend to shareholders of record on January 31, payable February 15, Apr 16 Declared a 10% stock dividend to shareholders of record on April 30, distributie May 15. On April 16, April 30, and May 15, the shard prices were $15, $13.50 and 514 respectively Oct. 1 Effected a 2 for 1 stock on October 1, the share price was 18 Dec 31 Determined that income for the year was 5721.000 Record the above transactions, including any required eneste dose dividends and net income. (Credit account titles are automatically indevoted when the amount is catered. Do not indent l y and try tlaco try for the accountries and enter for the amounts.) Transaction entries: Date Account Titles and Explanation Crecht Jan 31 - 4 ENG 231 AM Jan. 31 Apr. 30 Oct. 1 search o e O He System Announcements adian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Closing entries: Date Account Titles and Explanation Dec. 31 Debit Credit (To record net income/(loss)) Dec. 31 (To close dividend) Open T accounts as required and post to the shareholders' equity accounts. (Post entries in the order presented in the question.) Common Shares Retained Earnings LUS T Help I I Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley System Announcements TIMER KOKOMO CORPORATION Statement of Changes in Equity Accumulated other Common Shares Retained Earnings Comprehensive Income Total Balance Jan. 1 Cash dividends declared Declared and issued stock dividends Net income Balance Dec. 31 Prepare the shareholders' equity section of the statement of financial position at December 31. KOKOMO CORPORATION Statement of Financial Position (Partial) here to search otse GO - 4 ENG