During 2012 the following selected transactions affecting shareholders' equity occurred for Italy Company Ltd: 1 Feb: Invited applications for 25 000 company shares. The shares were to be issued at $60 per share, payable $20 on application and $30 on allotment and $10 on call By 25 February, applications for 26 000 shares had been received. Directors resolved to allot the shares, with excess application money to be applied to allotment. 5 Mar: 31 Allotment monies were received in full. Mar: 25 Apr: Directors make a call on shareholders for the remaining $10. 30 May: Calls are received from all shareholders 1 July: Directors declare a dividend of $1 per share, to shareholders of record on 1 August, payable on 1 September. Required: Give the journal entries for each of the transactions. (6 marks)