al PL had the fodowing shareholders My accounts Pred whares, 250 noncumulative, 100,000 authored, 5.000 shares issued 5600,000 Common shares 250.000 authored, 50.000 sued. 51,000,000 Dividends were not declared on the preferred shares in 2020 On April 1, 2001, 200 preferred shares were issued in exchange for a part of land with a fair value of $20,000. Preferred shares were traded $110.00 per share On July 5, 2021, the board of directors declared the annual cash divided to preferred shareholders of record on July 20, 2001, payable on August 5, 2021 On September 5, 2001, the board of directors declared a $1.25 per sharedvidond on the common shares, payable October 5, 2021, to shareholders of record on September 20, 2021 Required: Prepare the necessary Journal entries for the following dates: - W 2001 20.2001 August 2008 . Seper 2001 September 20, 2021 Doce 2001 no journal entry is required, write "No journal entry required