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Shareholders' Equity At December 31, 2019, Lake View Mal Inc. reported shareholders' equity as follows. (Click the icon to view the shareholders' equity report.) During
Shareholders' Equity At December 31, 2019, Lake View Mal Inc. reported shareholders' equity as follows. (Click the icon to view the shareholders' equity report.) During 2020, Lake View Mall completed the following transactions (listed in chronological order). (Click the icon to view the transactions.) Requirement Prepare Lake View Malls statement of changes in shareholders' equity for 2020. Common shares, 500,000 issued Retained earnings Prepare Lake View Mall's statement of changes in shareholders' equity for 2020. (Use parentheses or a minus sig not enter a zero. Complete all answer boxes in the Total column.) Transactions Lake View Mall Inc. Statement of Changes in Shareholders' Equity For the Year Ended December 31, 2020 Common Retained Shares Earnings Balance Dec 31, 2019 Stock dividend a. Declared and issued a the time, Lake View MA b. Issued 30.000 common c. Net income for the yea d. Declared cash dividen Total Enter any number in the edit fields and then continue to the next question Shareholders' Equity report - X Common shares, 500,000 shaldis authorized, 350,000 shares issued. Retained earnings 910,000 670,000 1,580,000 minus sid the box empty; do - X 0 Transactions a. Declared and issued a 6 percent stock dividend on the outstanding shares. At the time, Lake View Mall shares were quoted at a market price of $7 per share. b. Issued 30,000 common shares at the price of $13 per share. c. Net income for the year, $315,000. d. Declared cash dividends of $120,000 Print Done Activate Windo For the Year Ended December 3T, ZUZU Common Retained Shares Earnings Total Balance Dec. 31, 2019 Stock dividend Issuance of common shares Net income Cash dividends Balance Dec 31, 2020 Enter any number in the edit fields and then continue to the next question, 0 BIO
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