Carleton Builders Ltd. recorded the following summarized transactions during the current year: a. The company originally sold and issued 108,000 common shares. During the current year 10,000 shares were repurchased from the shareholders and retired. Near the end of the current year, the board of directors declared and paid a cash dividend of $9 per share. The dividend was recorded as follows: Credit General Journal Debit Retained earnings 972,000 Cash ($9 98,000) Dividend income (59 * 10,000) 882,000 90,000 b. Carleton Builders Ltd. purchased a machine that had a list price of $98,000. The company paid for the machine in full by issuing 10,000 common shares (market price = $8.90). The purchase was recorded as follows: Credit General Journal Debit Machine 98,000 Share capital ($8.90 * 10,000) Gain on purchase of equipment 89,000 9,000 c. Carleton needed a small structure for temporary storage. A contractor quoted a price of $777,000. The company decided to build the structure itself. The cost was $546,000, and construction required three months. The following entry was made: General Journal Debit Credit Buildings warehouse 777,000 Cash 546,000 Revenue from self-construction 231,000 d. Carleton owns a plant located on a river that floods occasionally. A severe flood occurred during the current year, causing an uninsured loss of $95,000 (measured as the amount spent to repair the flood damage). The following entry was made: General Journal Debit Credit Retained earnings, flood loss95,000 Cash 95,000 e. On 28 December, the company collected $73,000 cash in advance for merchandise to be shipped in January. The company's fiscal year-end is 31 December. This transaction was recorded on 28 December as follows: Credit General Journal Debit Cash 73,000 Sales revenue 73,000 Required: For each transaction, select which accounting principle was violated