Culver Ltd. was incorporated on January 1, 2022. During the year the company entered into the following transactions: Jan 5 Issued 40,000 common shares for $2.50 per share. Jan 20 Issued 2,500 common shares to settie legal expenses. The value of the legal expenses was $8,375. Feb 10 Issued 10.000 preferred shares for $50.00 per share. Aug 12 Repurchased 18,000 common shares for $2.40 per share. Oct 1 issued 5.900 common shares for $2.25 per share. Dec 31 Repurchased 39,500 common shares for $260 per share. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round per share to 2 decimal ploces, es. 5.75 and final answers to 0 decimal places, eg. 5,275.) Prefecred Shares. Common Shares. Contributed Surplin 500000 500000 \begin{tabular}{|l|} \hline 45900 \\ \hline \end{tabular} Cash Commonshires \begin{tabular}{|r|} \hline 13275 \\ \hline \end{tabular} Dec 15. 4 Common Shares Contributed Suplus Retained Earning: Retained Earning: \begin{tabular}{rr} \hline 1575 \\ \hline \end{tabular} Cash