Carla Vista Corp. reported the following amounts in the shareholders' equity section of its December 31, 2023, balance sheet: Preferred shares, $8 dividend (2.500 shares authorized, 1,900 shares issued) Common shares (unlimited authorized, 24,000 issued) Contributed surplus Retained earnings Accumulated other comprehensive income Total $186,200 552,000 58,000 252,000 80,000 The contributed surplus arose from net excess of average cost per share over reacquisition cost on a previous repurchase and cancellation of common shares. a. $1,128,200 During 2024, the company had the following transactions that affect shareholders' equity. Prepare the journal entries for the following 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 O for the amounts. List all debit entries before credit entries.) b. Paid the annual 2023 $8 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends had been declared on December 31, 2023. Purchased 3,500 shares of its own outstanding common shares for $35 per share and cancelled them. a. b. C. d. e. Paid the annual 2023 $8 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends had been declared on December 31, 2023. Purchased 3,500 shares of its own outstanding common shares for $35 per share and cancelled them. Issued 900 preferred shares at $103 per share (at the beginning of the year). Declared a 10% stock dividend on the outstanding common shares at their fair value when the shares were selling for $45 per share. a. No. Account Titles Issued the stock dividend. Declared the annual 2024 $8 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends are payable in 2025. b. Debit Credit