Caffeine Is Awesome Ltd. ("CIA") is a small independent coffee shop. The company was started by two friends from university, Ann and Bob. At the time of incorporation, Ann contributed a building to CIA in exchange for 100 Common shares of CIA. The building was worth $1,000,000 at that time. Bob, in turn, contributed $950,000 in cash and $50,000 of equipment to CIA in exchange for 100 Common shares of CIA at the same time. Shortly after incorporation, CIA did a 5-for-1 stock split on its outstanding Common shares. During the first year of operations, CIA was very profitable and decided to issue a stock dividend to its shareholders. CIA issued 3 Preferred shares for every Common share that was outstanding. The value of each Preferred share was $40. During the second year of operations, the COVID-19 pandemic forced CIA to close its store for an extended amount of time due to public health restrictions. As a result, the company incurred a large overall net loss. Ann did not want to continue being a part of the company and decided to cut her losses. As a result, CIA bought back all of Ann's shares for $800,000. Required: What will CIA record on its books in connection with the above transactions? Provide the journal entries and SHOW ALL APPLICABLE CALCULATIONS. Answers without explanations will receive a grade of NIL.