At the end of 2017, Jeffco Inc. had the following equity accounts and balances: Common shares, no par (175,000 shares issued and $1,926,400 outstanding) Retained earnings 310,000 During 2018, Jeffco engaged in the following transactions involving its equity accounts: a. Issued 8,000 common shares for $35 per share. b. Issued 1,000 shares of 9%, $120 stated value preferred shares at $125 per share. c. Declared and paid cash dividends of $15,000 d. Repurchased and cancelled 500 common shares for $52 per share