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On December 31, 2020, shareholders' equity accounts of Outside Products Inc. (OPI) had the balances...

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On December 31, 2020, shareholders' equity accounts of Outside Products Inc. (OPI) had the balances shown bel E (Click the icon to view the shareholders' equity balances.) 1. OPI sold 20,000 common shares on June 30, 2020. What was the average selling price of these shares if this v 2. Journalize OPI's sale of the common shares on June 30, 2020 3. Based only on the above information, did OPI earn a profit or loss during 2020? Calculate the profit or loss. Requirement 1. OPI sold 20,000 common shares on June 30, 2020. What was the average selling price of these s The average selling price of the shares was $ per share OPD) had the balances shown below OPI paid dividends of $4,200 on December 1, 2020 ealing price of these shares if this was the only common shares transaction during 2020? 07 Calculate the profit or loss the average selling price of these shares if this was the only common shares transaction during 2020? (Round your answer to the nearest cent) ce the profit or loss. i Shareholders' equity balances - X duri 2020 2019 Common shares. $ 82,000 $ 62,000 84,500 82,500 Retained earnings $ 166,500 $ 144,500 Total shareholders' equity Print Done

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