The balance sheet of Augen Vision Ltd. at December 31, 2019, reported the following shareholders’ equity information:

Common shares, 200,000 shares authorized, 50,000 shares issued
and outstanding .......................................... $745,500
Retained earnings .......................................... 250,000
Total shareholders’ equity ......................... $995,500

During 2020, Augen Vision Ltd. completed the following selected transactions:

Apr. 29 Declared a 10 percent stock dividend on the common shares. The market value of Augen Vision Ltd.’s common shares was $15.00 per share. The record date was May 20, with distribution set for June 3.

Jun. 3 Issued the stock dividend shares.

Jul. 29 Repurchased 5,000 of the company’s own common shares at $13.50 per share.

Nov. 1 Sold 1,000 common shares for $16.50 per share.

25 Declared a $0.25 per share dividend on the common shares outstanding.
The date of record was December 16, and the payment date was January 6, 2021.

Dec. 31 Closed the $105,000 credit balance of Income Summary to Retained Earnings.

Required

1. Record the transactions in the general journal.

2. Prepare a statement of shareholders’ equity at December 31, 2020.

3. Calculate earnings per share at December 31, 2020. Use issue dates in your calculations.