Beca Corporation, a publicly traded company, was organized on January $1,2021.$ It is authorized to issue an unlimited number of $$3$ noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operationsJan$\mathrm{.}10$Mar.May$1$June$1$July$24$Sept$\mathrm{.}4$Nov$\mathrm{.}120$Dec$\mathrm{.}1431$Issued $1,070,000$ common shares for $$2$ per share.Issued $22,000$ preferred shares for $$50$ per share.Issued $267,500$ common shares for $$3$ per share.Repurchased and retired $10,000$ common shares at $$2$ per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction.Issued $30,200$ common shares for $$111,000$ cash and used equipment. The equipment would have cost $$29,000$ if Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $$15\mathrm{.}600.$The common shares were trading for $$4$ per share on this date.Issued $10,000$ common shares for $$5$ per share.Issued $4,300$ preferred shares for $$50$ per share.Repurchased and retired $15,000$ common shares at $$4$ per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction.Declared a $$75,000$ cash dividend to the preferred shareholders, to shareholders of record on December $31,$ payable on January $10$Reported net income of $$1\mathrm{.}41$ million for the year.$($a$)$Record the above transactions for $2021,$ including any required entries to close dividends declared 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 O for the amounts. Round average cost per share to $2$ decimal palces, eg$\mathrm{.}2\mathrm{.}25$ and final answers to $0$ decimal places.$)$