Bonita Corporation had the following shareholders' equity on December 31, 2022: Common shares, 1,300,000 shares authorized, issued and outstanding Contributed surplus (Common Shares) Retained earnings Total shareholders' equity The following transactions occurred, in the order given, during 2023: (a) $7,800,000 78,000 11,000,000 $18,878,000 1,220 subscriptions were sold for common shares. Each subscription entitled the purchaser to purchase 10 shares in the company at a price of $8 per share. According to the subscription contracts, a payment of $18 per subscription was required at the time the subscriptions were sold. (b) (c) As per the subscription contracts, the second payment was for the balance of the subscription price. Of the 1,220 subscribers, 160 defaulted and did not make this second payment. The subscription contracts specify that, in the event of default, the first payment will not be refunded to defaulting subscribers. Also, at this time, common shares are issued to subscribers that have fully paid on the contract. (d) Bonita repurchased and cancelled 56,000 common shares at a cost of $4 per share. (e) A cash dividend of $0.75 per share was declared. The date of record was after all of the events above. Prepare the journal entries to record the above transactions for Bonita Corporation for 2023. (Round average share price to 2 decimal places for your calculations, e.g. 52.75 and final answers to O decimal places, e.g. 5,275. 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, se Entry" for the account titles and enter O for the amounts.) SUPPORT (a) Share Subscriptions Receivable Common Shares (To record sale of shares on a subscription basis) Cash Share Subscriptions Receivable (To record collection of down payment) (b) Cash Share Subscriptions Receivable (c) Common Shares Subscribed (d) Share Subscriptions Receivable Contributed Surplus (To record forfeit of payment from defaulting subscribers) Common Shares Subscribed Common Shares (To record issuance of shares) Common Shares Cash Contributed Surplus (e) Dividends Dividends Payable 97600 21960 97600 21960