The equity section of Celestial Seasonings Ltd. at December 31, 2014 appears below: Contributed capital: Common shares, unlimited shares authorized, $ 375,000 25,000 shares issued and outstanding Retained earnings 125,000 Total equity $ 500.000 During 2015, Celestial completed the following transactions: 1. On January 2, Celestial's board of directors declared a 10% share dividend to shareholders of record on January 25 to be distributed on February 1. The market price of Celestial's shares on each of these dates was: January 2 $15.50 January 25 15.75 February 1 14.60 2. On March 1, Celestial repurchased and retired 1,000 of its common shares, paying $16.50 per share. 3. On June 1, Celestial repurchased and retired 500 of its common shares, paying $13.00 per share. 4. On October 1, Celestial's board of directors declared a 2:1 share split, effective October 1. 5. On November 1, Celestial sold 2,000 shares at $8.50 per share. 6. On December 1, Celestial's board of directors declared a $0.50 per share cash dividend, payable on January 2, 2016 to the shareholders of record on December 15. 1. Complete the table below to calculate the actual and weighted average number of common shares outstanding at December 31, 2015. Round to the nearest full share. Fraction of Outstanding Share Share Year Weighted Time Period Shares dividend split Outstanding Average 2. Prepare journal entries to record the 2015 transactions