One-day Assignment. Final. (Protected View) - Word REVIEW VIEW JT REFERENCES MAILINGS an contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing Answer ALL the following questions. Show calculations for full credit: Question : 1: (Equity: Share Issuances and Repurchase) (CLO #3) Smarks Salim Company had the following stockholders 'equity as of January 1, 2019. Ordinary share, $10 par value, 30,000 shares issued $300,000 Share Premium-Ordinary 600,000 Retained earings 640,000 Total stockholders' equity $1,540,000 During 2019, the following transactions occurred: Feb. 1 Salim Company Issued 5,000 Preferred shares with a stated value of $3 per share at a price of $20 per share Feb. 15 Salim Company repurchased 2,000 ordinary shares of treasury stock at a price of S18 per share. Marl 800 shares of treasury stock repurchased above were reissued at $17 per share. Mar.IS 500 shares of treasury stock repurchased above were reissued at $14 per share. Apr. 22 600 shares of treasury stock repurchased above were reissued at $20 per share. bare stok sepu Instructions: (a) Prepare the journal entries to record the above transactions, for treasury stock transactions in 2019, Salim Company uses the cost method. (b) Prepare the stockholders' equity section as of April 30, 2019. Net income for the first 4 months of 2019 was $220,000 Question Dividends Polics(CLO ) 16. marks)