Question 14 On January 1, 2018, Pukalani Corporation had 77,000 common shares, recorded at $587,000, and retained earnings of $1,033,000. During the year, the following transactions occurred: Apr. 2 Issued 5,100 common shares at $20 per share. June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21, $24 on September 5, and $27 on September 20. Nov. 1 Issued 3,300 common shares at $24 per share. Dec. 20 Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January 10. (a) Your answer is partially correct. Try again. Record the above transactions for 2018. (Note: Closing entries are not required.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to I decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Apr. 2 Cash 102000 Common Shares 102000 June 15 | Dividends Declared 12315 (b) What is the number of common shares at the end of the year? Number of common shares SHOW LIST OF ACCOUNTS