Selected T-accounts for Jade Mineral Corporation at December 31, 2020, are duplicated below. Preferred Shares, $6 cumulative 10,000 shares authorized 8,600 shares issued 211,560 Dec. 31/19 Bal. 211,560 Dec. 31/20 Bal. Common Shares, 50,000 shares authorized 45,000 shares issued 567,000 Dec. 31/19 Bal. 567,000 Dec. 31/20 Bal. Retained Earnings 132,000 Dec. 31/19 Bal. ? Dec. 31/20 Bal. Note: Dividends were not paid during 2018 or 2019. Dividends of $5.40 per common share were declared and paid for the year ended December 31, 2020. 2018 was the first year of operations. All shares were issued in the first year of operations. Required: Using the information provided, answer the following questions.