Problem 12-6B share transactions, statement of changes in equity, dividend distribution closing LO2,3,4,5,6 CHECK FIGURES 2. Retained earnings, December 31 $6qq,600; 3. Total equity $1,318,800 The balance sheet for QuickStream Inc. reported the following components of equity on December 31, 2017: Common shares, unlimited shares authorized, 100,000 shares issued and outstanding 480,000 Retained earnings 648,000 Total equity $1,128,000 The company completed these transactions during 2018 Mar. 2 The directors declared a $0.qO per share cash dividend payable on March 31 to the March 15 shareholders of record. 31 Paid the dividend declared on March 2. Nov. 11 ssued 12,000 common shares at $7.80 per share. 25 Issued 8,000 common shares at $5.70 per share. Dec. 1 The directors declared a $1.50 per share cash dividend payable on January 2, 2019, to the December 10 shareholders of record. 31 closed the $321,600 credit balance in the Income Summary account to Retained Earnings. 31 Closed the Cash Dividends account