You were engaged by Jazz Corporation, to conduct prepare its 2019 Financial Statements. You were told by the company's controller that there were numerous equity transactions that took place in 2019. The Shareholders' equity accounts on December 31, 2018, had the following balances: Share capital-Preference. $100 par value, 6% cumulative; 9.000 shares authorized; 5400 shares issued And outstanding $540,000 Share capital-Ordinary, $1 par value, 540,000 shares authorized; 360,000 shares issued and outstanding $360,000 Share premium $720,000 Retained earnings $294,000 Total shareholders' equity $1,914,000 You summarized the following transactions during 2019 and other information relating to the shareholders' equity in your working papers as follows: . January 6, 2019 - Issued 13,500 ordinary shares in exchange for land. On the date issued, the shares had a market price of $16.50 per share. The land had a carrying value of $126,000. . January 20, 2019- Issued 10,000 ordinary shares to Mr. Bell as compensation for 500 hours of legal services performed. Mr. Bell usually bills $400 per hour for legal services. On the date of issuance, the share was trading at 517. February 22, 2019 - Purchased 4,500 of its own ordinary shares to be held as treasury shares for $24 per share. . February 28, 2019 - Subscriptions for 12,600 ordinary shares were received at $26 per share, payable 50% down and the balance by March 15. . March 15, 2019- The balance due on 10,800 ordinary shares was received and those shares were issued. April 15, 2019 - The subscriber who defaulted on the 1,800 remaining shares from the subscription was declared delinquent after the call date. The corporation incurred $2,000 advertising expenses. Among the bidders in the auction, Miami is the highest bidder and paid the offer price. Shares were also issued. . August 30, 2019 - Reissued 1,800 treasury shares for $20 per share. . September 12, 2019 - Received 1,000 company's own shares from Mr. Vancouver as donation. September 30, 2019 - Sold all of Mr. Vancouver donated shares for $24 per share . November 30, 2019 - Declared a cash dividend of $0.40 per share to all ordinary shareholder of record December 15, 2019. The dividend was paid on December 30, 2020. December 15, 2019 - Declared the required annual cash dividends on preference shares for 2019. No dividends in arrears from the previous years. The dividend was paid on January 15, 2020. . December 31, 2020 - Closed net income. Revenues were $500,000 while expenses were $248,000. Required: . Journal entries for the additional transactions Statement of Changes in Equity for year ended December 31. 2019 . Condensed Statement of Financial Position as of year-end December 31, 2019 (assume only the above transactions]