Coronado Corporation had the following shareholders equity on December 31, 2019:

Common shares, 1,000,000 shares authorized, issued and outstanding		$6,000,000
Contributed surplus (Common Shares)		75,000
Retained earnings		10,000,000
Total shareholders equity		$16,075,000

The following transactions occurred, in the order given, during 2020:

(a)		1,000 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 subscriptions contracts, a payment of $17 per subscription was required at the time the subscriptions were sold.
(b)		As per the subscription contracts, the second payment was for the balance of the subscription price. Of the 1,000 subscribers, 100 defaulted and did not make this second payment.
(c)		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)		Coronado repurchased and cancelled 50,000 common shares at a cost of $4 per share.
(e)		A cash dividend of $0.50 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 Coronado Corporation for 2020. (Round average share price to 2 decimal places for your calculations