Given the information provided:

1. Record all the journal entries for Destiny Callings transactions listed above.
2. Taking into account all of the information and all of the transactions above, prepare a Statement of Stockholders Equity for Destiny Calling for the period ended December 31, 2020. Use the format used in the pre-recorded lecture videos and also provided in your e-text, Illustration 10-20. Assume net income for 2020 was $19,080.
3. Calculate the number of shares of Common Stock that would be outstanding as of December 31, 2020. Show all calculations.

2. Destiny Calling, Co. reported the following information in the equity section of their balance sheet at December 31, 2019: Stockholders' equity: Preferred stock, $0.02 par $0 Common stock, $0.01 par (300,000 shares issued and outstanding) $3,000 Additional paid-in capital 109,421 Retained earnings 47,388 $159.809 Total equity During 2020, Destiny Calling completed these transactions that affected stockholders' equity: January 9 Issued 2,500 shares of common stock for $20 per share. March 15 Reacquired 1,000 shares of common stock as treasury stock, paying $9 per share. June 1 Declared a cash dividend of $0.01 per common share, payable to all stockholders of record on June 15th, 2020. June 30 Paid the cash dividend. October 17 Issued 1,700 shares of common stock for $22 per share