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The equity section of Noon Co.'s statement of financial positions at December 31, 2019, was as follows: Ordinary --$5 par (authorized 2,000,000 shares, Issued and

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The equity section of Noon Co.'s statement of financial positions at December 31, 2019, was as follows: Ordinary --$5 par (authorized 2,000,000 shares, Issued and outstanding 1,600,000 shares 8,000,000 Premium ordinary 1,350,000 Retained earnings 450,000 During 2020 the following treasury transactions took place: 1- On January 4, the company repurchased 35,000 shares of its outstanding ordinary shares for $350,000 2- On March 4, Noon sold 10,000 of these reacquired shares at $12 per share 3- On May 30, the firm sold 20,000 of the reacquired shares for $8 per Required: Journalize the above economic events and prepare shareholders equity section as of 31 December 2020

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