Beca Corporation, a publicly traded company, is authorized to issue 190,000 $4 noncumulative preferred shares and an untimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: $453,600 882,000 Preferred shares (8,400 shares issued) Common shares (63,000 shares issued) Contributed surplus Retained earnings Accumulated other comprehensive income 22.900 836,000 9,100 The following equity transactions occurred in 2021 Feb 6 Apr 6 27 Issued 10,600 preferred shares for $646,600. Issued 18,000 common shares for $495,000 Repurchased and retired 3,100 common shares at $16 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years. Declared a semi-annual cash dividend to the preferred shareholders of record at June 12. payable July 1. Issued 8,800 common shares in exchange for a building. At the time of the exchange the building was valued at $167.900 and the common shares at 5153,000 May 29 Aug 22 a Dec 14 The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders Record the above transactions, including any entries required to close dividends and net income. (List all debit entries before credit entries. 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 for the amounts. Round average cost per share to 2 decimal palces, eg. 2.25 and final answers to decimal places.) Date Account Titles and Explanation Debit Credit Apr 27 Closing entries Date Credit Debit Account Titles and Explanation Dec 31 (To close net income/(los) Dec. 31 (To close dividends) List of Accounts Open Taccounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Preferred Shares Dividends Declared Common Shares Common Shares