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  3. 5 the data group inc. had the following balances i

5 The Data Group Inc. had the following balances in its equity accounts at December...

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5 The Data Group Inc. had the following balances in its equity accounts at December 31, 2019: Common shares, unlimited shares authorized; 320,000 shares issued and outstanding Retained earnings $9,600,000 580,000 During 2020, the following equity transactions occurred: Apr. 15 Repurchased and retired 11,400 common shares at $28.40 per share. May 1 Repurchased and retired 19,000 common shares at $31.60 per share. Nov. 1 The board of directors declared a 2:1 share split effective on this date. Required: 1. Prepare journal entries to account for the transactions during 2020 (assuming the retirements were the first ever recorded by The Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date Note Disclosure Amount Apr. 15 May 01 Nov. 01 2. Prepare the company's equity section on the December 31, 2020, balance sheet, assuming a loss for the year of $172,000. THE DATA GROUP INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Total equity

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