Selected T-accounts for Jade Mineral Corporation at December 31, 2020, are duplicated below. Preferred Shares, $6 cumulative 10,000 shares authorized 7,000 shares issued 161,000 161,000 Dec. 31/19 Bal. Dec. 31/20 Bal. Common Shares, 50,000 shares authorized 45,000 shares issued 495,000 Dec. 31/19 Bal. 495,0 .000 Dec. 31/20 Bal. Retained Earnings 116,000 Dec. 31/19 Bal. P Dec. 31/20 Bal. Note: Dividends were not paid during 2018 or 2019. Dividends of $3.80 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.