The Data Group Inc. had the following balances in its equity accounts at December 31, 2019 Common shares, unlimited shares authorized; 200,000 shares issued and outstanding Retained earnings. During 2020, the following equity transactions occurred: $2,400,000 400,000 May Nov I 1 Apr. 15 Repurchased and retired 15,000 common shares at $10.40 per share.. Repurchased and retired 25,000 common shares at $13.60 per share. 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 2. Prepare the company's equity section on the December 31, 2020, balance sheet, assuming a loss for the year of $136,000.