The shareholders' equity section of Abu Dhabi Commercial Co. includes the items shown below on January 1, 2019 Common stock, AED 1 par value, 500,000 shares AED 500,000 issued Preferred stock, AED 10 par value, 70,000 shares 700,000 issued Paid in Capital in excess of par- preferred stock- 350,000 Paid in Capital in excess of par-common stock- 1,500,000 Retained Earnings 680,000 Treasury shares (8,000 shares) 56.000 During 2019, the following transactions occurred: 1. On 4/2/2019, the company retired 15,000 common shares at 6 AED per share. 2 On 12/6/2019, the company sold 3,000 shares of the treasury at AED 9 per share. On 18/10/2019, the company reissued 7,000 common shares at AED 12 por sharo. Instructions: Record the Journal entries for the above transactions. (10 marks) Date Explanation Dr. Cr. 2. 1 On 18/10/2019, the company reissued 7,000 common shares at AED 12 per share. Instructions: Record the journal entries for the above transactions. (10 marks) Date Explanation De CE 2 3. Prepare the stockholders' equity section on 31/12/2019, assuming that the net income was AED 160,000 for the year 2019. (5 marks) For the tobar, press ALT F10 ( Por ALTINF10 Mad BIVS Paragraph Ara 10pt 111 * I. 5 l 6F