Problem 12-7A Share transactions, statement of changes in equity, dividend distribution, closing L02,3,4,5,6 CHECK FIGURES: 2. Retained earnings, Dec. 31, 201q $224,880; 3. Total equity $1.700.880 Hammond Manufacturing Inc. was legally incorporated on January 2, 2017. Its articles of incorporation granted it the right to issue an unlimited number of common shares and 100,000 shares of $14.40 non- cumulative preferred shares. The following transactions are among those that occurred during the first three years of operations