Problem 2 At December 31, 2018 the balance in Bendilli Corporation's $8 Preferred Shares account was $400,000 with 9,000 shares issued, 80,000 authorized and Common Shares account was $469,000 with 60,000 shares issued, 4,000,000 shares authorized. Retained Earnings had a balance of $350,000. During 2019 Bendilli Corporation had the following equity-related transactions: 1. On January 1st, the company issued 22,000 common shares for $15 per share. 2. On June 1 the board of directors declared the annual cash dividend to the preferred shareholders, payable on June 20th to shareholders on record on June 15. 3. On October 30 the board of directors of Bendilli Corporation declared a 15% common stock dividend which was issued on November 28th to share der on record on November 15th. The fair value of Bendilli Corporation's shares is $13 on Oct. 30, $12.75 on Nov. 15, and $14 on Nov. 28. 4. On December 31 the board of directors declared a 2-for-1 stock split on the common shares. Bendilli Corporation's shares were selling for $15.50 on December 31. 5. The company had profit of $283,000 for 2019. Question 24 (11 points) Part A Provide the appropriate entries, if required, on the following dates. If no entry is required, state NO ENTRY REQUIRED. Marks will not be awarded if a entry field is left blank. NOTE: there is room for your calculations immediately under your entry!! Make sure you provide your calculations! Part B Using the information from Part A create a statement of changes in equity for Bendilli Corporation