Pyrogenesis Canada Inc. which was provincially incorporated reported the following

Pyrogenesis Canada Inc. which was provincially incorporated reported the following equity account balances on December 31, 2013:
Common shares, unlimited shares authorized,
20,000 shares issued and outstanding ............................................................ $690,000
Retained earnings............................................................................................... 405,000
In 2014, the company had the following transactions affecting shareholders and the equity accounts:

Pyrogenesis Canada Inc. which was provincially incorporated reported the following

Required
1. Prepare journal entries to record the transactions and closings for 2014.
2. Prepare the equity section of the company’s balance sheet as of December 31,2014.

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