The balance sheet of Investus Inc. at December 31, 2019, reported 2,200,000 common shares authorized with 270,000 shares issued at an average price of $4.40 each and a Retained Earnings balance of $780,000. During 2020, the company completed the following selected transactions: (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal. Explanations are not required. 2. Prepare the shareholders' equity section of the balance sheet at December 31, 2020 3. Calculate the average issue price per common share on December 31, 2020 Re: are Transactions credits. Explanations Fet Feb 15 Repurchased 18 500 of the company's own common shares at $4.40 per share. Mar 8 Sold 8.700 common shares for $5.00 per share. Sep 28 Declared a 15 percent stock dividend on the 260 200 outstanding common shares to holders of record on October 15, with distribution set for October 31. The market value of Investus Inc. common shares was $6.00 per share. Oct 31 issued the stock dividend shares Nov. 6 Consolidated the common shares 1 for 2 (reverse split): one new common share was issued for every two existing shares held. Prior to the split the corporation had 299.230 shares issued and outstanding Dec 31 Eamed net income of $230.000 during the year Ma In cette Cho Print Done The balance sheet of Investus Inc. at December 31, 2019, reported 2,200,000 common shares authorized with 270,000 shares issued at an average price of $4.40 each and a Retained Earnings balance of $780,000. During 2020, the company completed the following selected transactions: (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal. Explanations are not required. 2. Prepare the shareholders' equity section of the balance sheet at December 31, 2020 3. Calculate the average issue price per common share on December 31, 2020 Re: are Transactions credits. Explanations Fet Feb 15 Repurchased 18 500 of the company's own common shares at $4.40 per share. Mar 8 Sold 8.700 common shares for $5.00 per share. Sep 28 Declared a 15 percent stock dividend on the 260 200 outstanding common shares to holders of record on October 15, with distribution set for October 31. The market value of Investus Inc. common shares was $6.00 per share. Oct 31 issued the stock dividend shares Nov. 6 Consolidated the common shares 1 for 2 (reverse split): one new common share was issued for every two existing shares held. Prior to the split the corporation had 299.230 shares issued and outstanding Dec 31 Eamed net income of $230.000 during the year Ma In cette Cho Print Done