Beskar Metals Inc. began operations on June 5, 2021. June 5 Sold 4,000 common shares for $85,200 in cash to investors. 15 Received $23 cash per share for the issuance of 82,000 common shares. 16 Issued 10,000 preferred shares for cash of $46 per share. 17 8,000 common shares were issued in exchange for cash of $137,000. 18 The board of directors declared a cash dividend of $20,200 on the preferred shares and $5,700 on the common shares to shareholders of record on June 20, payable July 1. July 1 The dividends declared on June 18 were paid. Required: Prepare the required journal entries for the above transactions. Explanations are not required for the journal entries. Beskar uses a dividends declared account for each class of shares for declaring dividends.