Transactions Feb During 2020, Exquisite completed these transactions that affected shareholders' equity: 13 Issued 5,900 common shares for $3 per share. 7 Declared the regular cash dividend on the preferred shares. Da Feb. Fel June July 24 Aug Jun Nov. Paid the cash dividend. 9 Distributed a 9 percent stock dividend on the common shares. Market price of the common shares was $4 per share. 20 Sold 500 common shares for $7 per share. Assets Current assets A 33,700 51,100 Property and equipment, net $ 84,800 Total assets Liabilities and Equity Liabilities 37,800 Shareholders' equity: $0.20 cumulative preferred shares, 200 shares issued 1,000 Common shares, 6,700 shares issued 24,000 22,000 Retained earnings 5 84,800 Total liabilities and equity Exquisite Jewellery Limited reported the following summarized balance sheet at December 31, 2019 (Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements 1 2. Joumalize Exquisite's transactions, Explanations are not required. Report Exquisite Jewellery Limited's shareholders' equity at December 31, 2020. Net income for 2020 was $21,000. February 13. Issued 5,900 common shares for $3 per share. Journal Entry Date Feb. 13 Accounts Debit Credit Retained Earnings Common Shares June 7: Declared the regular cash dividend on the preferred shares. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next