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The Derember 31, 2019 balaeve shoet of Rasdy lne, included the following in Shateholders' Equity: Additional inforration regarding Randy lnc. duriag 2020 was made available: January 1: Issued 30.000 common shares in exebange for $00.000cash. May 30: Declared eash divideads at a 10 of $130,000. September 15: Declared and distributed 2% stock dividends when the market was trading at $40 per share. October 20: Paid cash dividends declared ou May 30. December 1: Paid $70.000 to repurchase and cancel 17.000 common shares that had been initially issued for $286.061. - 2020 net income totaled 2,630,000. - Randy Ine didn't pay any dividends in 2012 Renuired: 1. Record the journal entries on the following dates (12 points) Ortober 20 . Pand cash dividecds declared ea May 10. fort 5:\$6.061. - 2020 net income totaled 2.6.30.000. - Randy Inc,didat ray anydividenda in 2019 Reguired: 1. Record the journal entries on the following dates (12 points) a. January 1, 2020 (1.5 points) b. May 30, 2020, separately record preferred and commou dividends ( 3 poiats) c. September 15, 2020 ( 2 points) d. October 20, 2020 (1.5 points) e. December 1, 2020 (4 points) 2. Determine the balance of Retained Earnings at December 31, 2020. Clearly show calculations for numbers that are not given ( 3 points)

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