The Board Corporation had equity on December 31, 2018, as follows: Common shares, unlimited shares authorized, 150,000 shares issued $750,000 Retained eamings 600,000 Board Corporation is authorized to issue 100,000 shares of $4 cumulative preferred shares The following transactions occurred during 2019: Jan. 15 Issued 15,000 common shares in exchange for equipment valued at $ 105,000 Feb. 15 The board of directors declared a 15% share dividend to shareholders of record on March 1, to be distributed on March 20. The shares were selling for $18 a share. Mar. 20 Issued the share dividend. Apr. 15 May 1 Issued 12,000 preferred shares for cash at $66 per share. Declared total cash dividends of $186,000 to shareholders of record on May 20, payable June 1. June 1 Paid the cash dividend. Aug. 20 The board decided to split the common shares 4 for 1 effective September 1. Sept. 1 Share split (4 for 1) executed. Dec. 31 Earned a profit of $300,000 for the year. Closed the income summary account REQUIRED: 1) Journalize the above transactions. 2) Prepare a statement of changes in equity for 2019. 3) Prepare the balance sheet presentation of the equity as at December 31, 2019