QUESTION #1 (32 marks): Vladimir Guerrero Jr. is the founder of Blue Jays Ltd, a public company that manufactures and sells high-end baseball bats. Below is an excerpt of the company's balance sheet for the year ended December 31, 2020: Blue Jays Ltd. Balance Sheet Excerpt As at December 31, 2020 Shareholder's Equity Common shares (3,000,000 issued and outstanding) Contributed surplus Retained Earnings $ 9,000,000 125,000 15,600,000 24,725,000 Total During the 2021 fiscal year, Blue Jays Ltd entered into the following share-related transactions: February 1 Blue Jays Ltd repurchased 500,000 common shares for $4 per share. April 1 Blue Jays Ltd repurchased 200,000 common shares for $2 per share. June 1 A 3:1 stock split was declared. September 1 The directors of Blue Jays Ltd declared a cash dividend of $0.50 per share on the company's common shares, payable on September 20 to shareholders of record on September 5. October 1 The directors of Blue Jays Ltd declared a 2% stock dividend on the company's common shares, payable on October 20 to shareholders of record on October 5. The market value on the declaration date was $7. QUESTION #1 (continued): Required: 1. Provide the journal entries for the share-related transactions on each of the following dates (2 marks each, total 18 marks): a. February 1, 2021 b. April 1, 2021 c. June 1, 2021 d. September 1, 2021 e. September 5, 2021 f. September 20, 2021 g October 1, 2021 h. October 5, 2021 i. October 20, 2021 2. Prepare the shareholder's equity section of the balance sheet as at December 31, 2021, taking into account the above transactions (14 marks). Blue Jays Ltd. Balance Sheet Excerpt As at December 31, 2021 Shareholder's Equity Common shares ([insert number here] issued and outstanding) Contributed surplus Retained Earnings $ Total Assume that the company entered into no transactions that impacted its retained earnings other than earning net income of $6,000,000 and incurring the share transactions described above