The following shareholders' equity accounts are reported by Ivanhoe Inc. on January 1: Common shares (unlimited authorized, 156,000 issued) Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5,400 issued) Contributed surplus-reacquisition of common shares Retained earnings $2,496.000 405,000 30,800 1,264,000 The following selected transactions occurred during the year: Feb. 11 2 Mar. June July Sept. Oct 14 25 16 27 Issued 52,000 common shares at $20 per share. Reacquired 19,900 common shares at $22 per share. Split the common shares 2 for 1 when the common shares were trading at $30 per share. Reacquired 420 preferred shares at $70 per share. Reacquired 52,000 common shares for $17 per share. Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share. Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share. Dec. 13 Preparerentries for the transactions. Cred accounts are outomatically Indented when the amount ist. Done Indiente entry grito Entry for the account and enter for the amounts. Record Journals in the order presented in the problems and person to 2 decimal places, s 15.25 and find answers to dedmal places 5.276) Antities and Expats (Issed common shares for cash) Mar 2 To record reacuisition of common shares To recordation of preferred shares) Sept. 16 O C C hoset *** PUIS insert Del F 78 F9 FIO FI $ * ) - of | S ase Backs 6 8 9 O T Y Y U L O G H J K L : Question 3 of 3 -121 ili (To record rekursition of common shares) (To record reacquisition of preferred shares) Sept. 16 (To record reacquisition of common shares) (To record declaration of stock dividend.) To record distribution of g Question 3 of 3 -721 III (To record reacquisition of preferred shares) Sept. 16 (To record reacquisition of common shares) (To record declaration of stock dividend) (To record distribution of stock dividend) e Textbook and Media o ET 8 Prisc F7 FO FB F9 F10 F11 F12 Show how each class of shares will be presented in the shareholders' enuity section of the balance sheet at December 31. Ivanhoe Inc. Partial Balance Sheet Shareholders' equity eTextbook and Media List of Accounts Sve for Later Attempts: 0 of 5 used Summit Answer o T 1 2 c A FS P150 F6 FT Fs F8 FIO F11 F12