The Data Group Inc. had the following balances in its equity accounts at December 31, 2019 Common shares, unlimited shares authorized; 260,000 shares issued and outstanding Retained earnings During 2020, the following equity transactions occurred: $6,240,000 520,000 Apr. 15 Repurchased and retired 10,200 common shares at $22.40 per share. May 1 Repurchased and retired 13,000 common shares at $25.60 per share. Nov. 1 The board of directors declared a 2:1 share split effective on this date. Required: 1. Prepare journal entries to account for the transactions during 2020 (assuming the retirements were the first ever recorded by The Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction st View journal entry workshoot No 1 Date Apr. 15 General Journal Common shares Cash Contributed capital from retirement of common shares Debit Credit Cate Apr. 15 May 01 Nov. 01 Note DisclosuE Amount 2. Prepare the company's equity section on the December 31, 2020, balance sheet, assuming a loss for the year of $160,000 THE DATA GROUP INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital Common shares unlimited shares authorized, 473,500 shares issued and outstanding Retained eamings Total equity S