stion 8 of 10 -/5 IN View Policies Current Attempt in Progress On January 1, 2021, Kraft Company had 63.000 common shares, recorded at $378,000. The company follows IFRS. Assume the balance in Retained Earnings at the beginning of the year is $400,000 and profit for the year was $185.000. During the year, the following transactions occurred: Apr 1 Issued 10,000 common shares at $8 per share Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $11.50 a share at this time. Announced a 2-for-1 stock split. Shares were trading at $9.25 per share at the time. June 15 Sep 21 Nov. 1 Dec 20 Dec 27 Issued 2,000 common shares at $3.40 per share. Repurchased 10,000 common shares for $5 per share. This was the first time Hum had repurchased its own shares Pald cash dividends of $33.000. Prepare the journal entries for the above transactions. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter for the amounts Record journal entries in the order presented in the problem. Round average per share to 2 decimal places, eg. 15.21 and final answers to decimal places, eg. -75 the order presented in the propre ROUND Overage per share to Geomorprocesses or answers to improcese 5,275) Date Account Titles and Explanation Cash Debit Credit Apr. 1 80000 Common Shares 80 June 15 Stock Dividends Stock Dividends Distributable Sept. 20 Stock Dividends Distributable Common Shares Sept 21 > Common Shares Common Shares Nov. 1 Cash Common Shares Dec. 20 Question 8 of 10 -/5 Dec. 20 Dec. 27 Dividends Payable List of Accounts Prepare the retained Earnings section only of the statement of changes in shareholders' equity. Kraft Company Question 8 of 10 -/5 Prepare the retained Earnings section only of the statement of changes in shareholders' equity. Kraft Company Statement of Changes in Shareholders' Equity