I need help on solving this please.

Gemini Industries reported the following components of equity on December 31, 2014 Common shares, unlimited shares authorized 100,000 shares issued and outstanding Retained earnings Total equity $400,000 540,000 $ 940,000 Gemini completed these transactions during 2015 March 1 The directors declared a $0.75 per share cash dividend payable on March 31, to the March 15 shareholders of record. Issued 12,000 common shares at $6.50 per share Isued 8,000 common shares at $4.75 per share The directors declared a $1.25 per share cash dividend payable on January 2, 2016, to the December 15 shareholders of record Net income for the year is $245,000. June 1 October 1 December 1 December 31 Required: 1. Use the T-account format below to record the effect of the 2015 transactions on shareholders equity accounts. (5 marks) Retained Earnings Common Shares Prepare the equity section of Gemini's balance sheet at December 31, 2015. (4 marks) 2. Calculate earnings per share (EPS) for 2015. Round to the nearest full share and report EPS to two decimal places. Show all calculations. (3 marks) 3