Question 1: The following is the shareholders' equity part of 777 Quebec Inc balance sheet: The following are transactions that happened during the year 2022: May 15: declared an 10% stock dividend on the common shares. The market value of the shares was $18 per share. June 18: distributed the stock dividends. June 22: repurchased 5,000 of the company's own common shares at $12.5 per share. Average issue price was $15 July. 15: issued 3,000 common shares for $22 per share. Nov. 3: declared a $0.75 per share dividend on the common shares. Dec 31: close net income of $300,000 to Retained Eamings. Required: 1. Record the transactions in the general journal. 2. Present the shareholders' equity section of the balance sheet as of December 31, 2022. 3. Calculate earnings per share on December 31, 2022