Please help me

(b) Prepare the statement of changes in shareholders' equity for the year ended December 31, 2020. Assume 2020 net income was $400,000 and comprehensive income was $404,000. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e3. (45).) Accumulated Other Contributed Surplus Retained Earnings Comprehensive Income Total (b) Prepare the statement of changes in shareholders' equity for the year ended December 3 1, 2020. Assume 2020 net income was $400,000 and comprehensive income was $404,000. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e3. (45).) Ayayai Corp. Statement of Changes in Shareholders' Equity Common Shares Number of shares Paidin Contributed Surplus Retained Earnings $ $ $ $ $ $ (b) Prepare the statement of changes in shareholders' equity for the yea r ended December 31, 2020. Assu me 2020 net income was $400,000 and comprehensive income was $404,000. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Preferred shares Com Number of Shares Paidin Number of shares Balance,January1 $ Net income Other comprehensive income Comprehensive income Repurchase of common shares Issuance of preferred shares Issuance of common shares through stock dividend Cash dividend: preferred common Balance, December 31 $ Your Answer Correct Answer (Used, -5%) V Your answer is correct. Prepare journal entries to record the transactions above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entry is required, select "No Entry\" for the account titles and enter 0 for the amounts.) Aooount Titles and Explanation Debit Credit 1. Dividends Payable 70800 Cash 70800 2. Common Shares 84000 Contributed Surplus 21000 Cash 105000 3. Cash 81600 Preferred Shares 81600 4. Dividends 33000 Common Stock Dividends Distributable 33000 5. Common Stock Dividends Distributable 33000 Common Shares 33000 6. Dividends 50250 Dividends Payable 50250 eTextbook and Media Solution List of Accounts Ayayai Corp. reported the following amounts in the shareholders' equity section of its December 31, 2019 SFP: Preferred shares, $6 dividend (8,000 shares authorized, 1,800 shares issued) $162,000 Common shares (unlimited authorized, 20,000 issued) 480,000 Contributed surplus 41,000 Retained earnings 230,000 Accumulated other comprehensive income 65,000 Total $978,000 During 2020, the company had the following transactions that affect shareholders' equity. 1. Paid the annual 2019 $6 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends had been declared on December 31, 2019. 2. Purchased 3,500 shares of its own outstanding common shares for $30 per share and cancelled them. 3. Issued 800 shares of preferred shares at $102 per share (at the beginning of the year). 4' Declared a 5% stock dividend on the outstanding common shares at their fair value when the shares were selling for $40 per share. 5. Issued the stock dividend. 6. Declared the annual 2020 $6 per share dividend on preferred shares and a $2 per share dividend on common shares.These dividends are payable in 2021. The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Total assets at December 31, 2019, were $2,140,000, and total assets at December 31,2020 were $2,616,000. The company follows IFRS. (a) Your Answer Correct Answer (Used, -5%) V Your answer is correct. Prepare journal entries to record the transactions above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)