The equity accounts for Kalimantan Corp. showed the following balances on December 31, 2019: Preferred shares, $2 non-cumulative, unlimited shares authorized Common shares, unlimited shares authorized, 100,000 shares issued and outstanding... Retained earnings. $ -O- 640,000 864,000 The company completed these transactions during 2020: Jan. 10 15 15 Feb. Mar. 2 31 Issued 20,000 common shares at $9.60 cash per share. The directors declared a 10% share dividend to the January 30 shareholders of record, distributable on February 15. The market price of the shares on January 15 was $9.80. Distributed the share dividend. The directors declared a $1.20 per share cash dividend payable on March 31 to the March 15 shareholders of record. Paid the dividend declared on March 2. The directors announced a 3:1 share split to the April 20 shareholders of record. The shares were trading just prior to the announcement at $10.00 per share. Issued 12,000 preferred shares at $20.00 per share. The board of directors declared total dividends of $182,400 payable December 15, 2020. Paid the dividends declared on December 1. Closed the $1,160,000 credit balance in the Profit Summary account. Closed the Cash Dividends account. Apr. 10 Nov. 11 Dec. 1 15 31 31 Required 1. Prepare general journal entries to record the transactions and closings for 2020. 2. Prepare the statement of changes in equity for the year ended December 31, 2020