The Good Plates Restaurant Co.'s legal documents indicate that there is an unlimited number of common shares authorized. As of December 31, 2020 there were 5,000 common shares outstanding which were originally sold for a total of $50,000. There was also $63,000 in retained earnings at this time. During 2021 they earned profit of $75,600. On December 1, 2021 they declared $26,000 in dividends. The dividends were paid to the shareholders on December 5, 2021. On December 15, 2021 they issued an additional 1,000 common shares for $25,000 cash. Required: 1) Prepare the equity section of the balance sheet as at December 31, 2021. Hint - see page 812 of the textbook for guidance on the above item You may find it helpful to prepare a rough statement of changes in equity prior to completing this task. 2) Prepare the journal entries to record the dividends 3) Prepare the journal entry to record the issuance of the new shares