Argo Software Inc. was incorporated on April 1, 2020. The following transactions occurred during April: Apr. 1 Received a corporate charter authorizing the issue of an unlimited number of voting shares of common stock, stated value $2. 1 Issued 5,000 shares of common stock for $10,000 cash. 20 Issued 10,000 shares of common stock for land on which a building will be constructed. 29 Reacquired 1,000 shares of common stock for $2,750 to be held as treasury shares. 30 Closed net income of $5,000 from the Income Summary account in the general ledger to the Retained Earnings account. 30 Declared a cash dividend of $.10 per share of common stock, payable as of May 15. Required: 1. Prepare journal entries to record the April transactions. 2. Prepare the statement of changes in equity for the one-month period ended April 30, 2020. Assume descriptive information will be reported in a note to the financial statements. 1 Account Titles and Explanation Debit Credit Date 2020 1-Apr 20 29 30 30 2 Common Stock Retained Earnings Treasury Stock Total Equity 0 Balance at April 1, 2020 0 0 0