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Bonita Ltd. issues 8,400, $5 cumulative preferred shares at $64 each and 15,000 common shares at $30 each at the beginning of 2019. Each preferred

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Bonita Ltd. issues 8,400, $5 cumulative preferred shares at $64 each and 15,000 common shares at $30 each at the beginning of 2019. Each preferred share is convertible into two common shares. During the years 2020 and 2021, the following transactions affected Bonita's shareholders' equity accounts: 2020 Jan. 10 Paid $13,000 of annual dividends to preferred shareholders. 2021 Jan. 10 Paid annual dividend to preferred shareholders and a $4.700 dividend to common shareholders. Mar. 1. The preferred shares were converted into common shares. (a) Journalize each of the transactions. (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.) Debit Credit Date Account Titles and Explanation 2020 Jan. 10

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