Question: Journal entries for changes in shareholders' equity. Exhibit 14.12 presents a portion of the statement of changes in shareholders' equity for Sirius Satellite Radio Inc.

Journal entries for changes in shareholders' equity. Exhibit 14.12 presents a portion of the statement of changes in shareholders' equity for Sirius Satellite Radio Inc. for 2007. Prepare journal entries for each of the six listed transactions in Exhibit 14.12. Transactions (4) and (5) were not with employees. Transaction (5) did not require the tendering of cash. Record the conversion of the notes in transaction (6) at carryingvalue.

Sirius Satellite Radio Inc. Excerpt from Statement of Changes in Shareholders' Equity (amounts in thousands) (Problem 36) EXHIBIT 14.12 Number of Common Shares Par Value of Common Stock Additional Paid-In Capital 1,434,635,501 Balance, Beginning af Year . $1,435 $3,443,214 (1) Common Stack Issued to Third Parties . (2) Common Stock Issued to Employees. (3) Stock-Based Compensation Expense. 22,058,824 22 82,919 4,279,097 19,242 52,683 (4) Exercise of Options... (5) Exercise of Warrants (6) Exchange of Convertible Notes Balance, End of Year.. 2,859,232 3,529 3. (5) 4,988,726 2,322,190 1,471,143,570 3,182 $3,604,764 $1,471

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