Question 7 (7 points) Mannesh Inc. ended 2019 with 9 million common shares issued and outstanding. The average issue price was $1.33. Beginning retained earnings totalled $35 million. In March 2020, Mannesh Inc. issued 6 million common shares at a price of $7 per share. In May, the company declared and distributed 4 percent stock dividend at a time when Mannesh's common shares had a fair value of $8 per share. Then in October, Mannesh's stock price dropped to $5 per share and the company executed a 1-for-2 stock split. For the year, Mannesh Inc earned net income of $22 million and declared and paid cash dividends of $13 million. Required: A. Complete the following tabulation to show what Mannesh Inc should report for shareholders' equity at December 31, 2020. B. Journalize the transactions noted above (Journal entry explanations are not required)