BB Co. issued 7,100 common shares at $12 per share. The company also issued 1,400 preferred no par, $4 dividend shares at $22 per share. The company declared and paid the preferred dividend at the end of the year. Record the appropriate journal entry(s) for each of the above transactions that occurred during their first year of operations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter "O" for the amounts.) Account Titles and Explanation Debit Credit (To record issue of common shares) (To record issue of preferred shares) (To record payment of dividend)