8 The balance sheet for acte Controls inc. prily incorporated in 2013, reported the following components of equilyon December 31, 2018 Equity Section of the balance et Preferred shares 12.7 citatie te shares with 26.htstanding Casares, le shares the $1,60s icon and Total contribuind capital Petandaard Totality $1,319,000 In 2020 and 2021 the company had the following transactions affecting streholders and the equity accounts: Sold 3.0 shares at $51.24 per share 3 The director declared a total cash dividend of $237,000 payable to the Fob. S chareholders of record Dividends to be declared for the year 2018 and 29.11 of the preferred shares haben und during 2015, 20 Paid the dividende declared on January July 1 Sold preferred shares for a total $157,400. The ever is wie w $20 per she 31 closed the divided action with the $77,10 ct balance in the Income Summary account 2021 Sept: 5 The directes declared the required cash dividend on the preferred hand $2.0 per Co share cash dividend payable on October 28 to the other shareholders of record. Det. 25 Paid the dividends declared on September Dec. 51 closed the Cash Divided account with the credit balance is the income Required: 1. Prepare journal entries to record the transactions and desings for 2020 and 2021. The company uses a cash dividends account to record declared dividends. Activate Windows Go to Santo 8 The balance sheet for acte Controls inc. prily incorporated in 2013, reported the following components of equilyon December 31, 2018 Equity Section of the balance et Preferred shares 12.7 citatie te shares with 26.htstanding Casares, le shares the $1,60s icon and Total contribuind capital Petandaard Totality $1,319,000 In 2020 and 2021 the company had the following transactions affecting streholders and the equity accounts: Sold 3.0 shares at $51.24 per share 3 The director declared a total cash dividend of $237,000 payable to the Fob. S chareholders of record Dividends to be declared for the year 2018 and 29.11 of the preferred shares haben und during 2015, 20 Paid the dividende declared on January July 1 Sold preferred shares for a total $157,400. The ever is wie w $20 per she 31 closed the divided action with the $77,10 ct balance in the Income Summary account 2021 Sept: 5 The directes declared the required cash dividend on the preferred hand $2.0 per Co share cash dividend payable on October 28 to the other shareholders of record. Det. 25 Paid the dividends declared on September Dec. 51 closed the Cash Divided account with the credit balance is the income Required: 1. Prepare journal entries to record the transactions and desings for 2020 and 2021. The company uses a cash dividends account to record declared dividends. Activate Windows Go to Santo