Sophisticated Jowellery Limited reported the following summarized balance sheet at December 31, 2019 (Click the icon to view the statement.) Requirements 1. (Click the icon to view the transactions.) Journalize Sophisticated's transactions Explanations are not required 2 Report Sophisticated Jewellery Limited's shareholders' equity at December 31, 2020 Net income for 2020 was $29,000 Requirement 1. Journalize the transactions (Record debits first, then credits. Explanations are not required.) February 13 Issued 5,500 common shares for $11 per share, Statement Transactions During 2020. Sophisticated completed these transactions that affected shareholders' equity 13 Issued 5,500 common shares for $11 per share 7 Declared the regular cash dividend on the preferred shares 24 Paid the cash dividend 9 Distributed a 13 percent stock dividend on the common shares Market price of the common shares was $12 per share 20 Sold 600 common shares for $15 per share. Assets Current assets $ 33,100 57.300 Feb. Property and equipment, net June $ 90.400 Total assets July Aug Liabilities and Equity Liabilities 1S 38.000 Nov Shareholders' equity $0.10 cumulative preferred shares, 600 shares issued 6,000 Common shares, 6.200 shares issued 23,400 23,000 Retained earnings Total liabilities and equity $ 90,400 Pant Done Print Done