Crane Observation Inc. on May 1, 2024, and was authorized to issue 500.000 common shares and 100,000 5% non-participating convertible preferred shares. During the remainder of 2024, the compeny entered into the following transaction 1. Issued 30,000 common shares in exchange for $660,000 21 Issued 5,000 preferred shares in exchanger for 580.000. 1 Repurchased 3,000 common shares for $23.00 per share in the open market The company entered into no other transactions that affected shareholders multy during 2024 Provide the journal entries for 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 O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Cash Common Shares 2. Cath Preferred Shares Debit Credit 660000 600000 60000 60000