Current Attempt in Progress Cullumber Company had the following Shareholders' Equity accounts as of May $1,2023$: Share capital: Preferred shares, $130,000$ issued and outstanding $$1,592,500$ Class A common shares, $160,00$ Sunland Company had the following Shareholders' Equity accounts as of May $1,2023$:

On June $10,$ Sunland reacquired and cancelled $2,100$ Class A common shares at a cost of $$4\mathrm{.}60$ per share. On August $26,2023,$ Sunland

issued $4,200$ Class A common shares for $$8\mathrm{.}80$ each. On September $30,$ the company reacquired and cancelled another $2,100$ClassA

common shares at $$8\mathrm{.}80$ per share.

Prepare the journal entries required to record these transactions. $($Round per share value to $4$ decimal places, e$.$g$.1\mathrm{.}2512$ and final answers

to $0$ decimal places, e$.$g$.5,275.$ List all debit entries before credit entries. 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. Record journal

entries in the order presented in the problem.$)[$

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submissioncantake unto $10$ minutes$0$ issued and outstanding $,872,000$ Class B common shares, $290,000$ issued and outstanding $,1,725,500$ Retained earnings Total shareholders' equity $\backslash$table$[[$ $$7,470,000$