Marin Merchandising Inc. had the following share capital and balances on January 1, 2021 $1771 $2.50 cumulative preferred shares. convertible into common shares at a ratio of a common shares for preferred share unlimited number of shares authorized, 110.000 shares issued Common shares, unlimited number of shares authorized 600,000 shares issued 21600 The following transactions relating to shares occurred in 2021 and 2022 Mar 31, 2021 Marin declared total annual dividends of $740.000 for shareholders of record on April 1, 2021. There were no dividend arrears at January 1, 2021 April 30 2021 Marin paid the dividends owing ING PM Marin Merchandising Inc. had the following share capital and balances on January 1, 2021, $1.771,000 50 cumulative preferred shares, convertible into common shares at a ratio of 4 common shares for 1 preferred share, imited number of shares authorized, 110.000 shares issued nmon shares, unlimited number of shares authorized 600.000 shares issued 2.160,000 The following transactions relating to shares occurred in 2021 and 2022 Mar 31, 2021 Marin declared total annual dividends of $740,000 for shareholders of record on April 1.2021. There were no dividend arrears at January 1.2021 Marin paid the dividends owing 2021 - 25 The following transactions relating to shares occurred in 2021 and 2022 TI! Mar 31, 2021 April 30, 2021 July 10, 2021 Marin declared total annual dividends of $740.000 for shareholders of record on April 1.2021. There were no dividend arrears at January 1, 2021 Marin paid the dividends owing Shareholders converted 25.000 preferred shares into common shares. The fair value per preferred there was $17.40; per common share, 35.00 Marin declared an annual dividend of $600,000 to shareholders of record on March 1, 2002, Marin paid $300,000 of the dividends owini Shareholders converted 50,000 preferred shares into 200.000 common shares. The tair value pur preferred share was $16.40; per common share. $5.50, Feb. 20, 2022 Mar 5, 2022 July 15, 2022 Calculate the average per share amount of the preferred and common shares at January 1, 2021. (Round answers to 2 decimal places, eg. 52.75.) Average per share Preferred shares $ 36 Common shares $ 161 List of Accounts Journalize 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 for the amounts) Date Account Titles and Explanation Mar 31, Dividend 710000 2021 Debit Credit Dividend payable Apr. 30 Dividends Payable 7000 MOCO Cash = Apr 30 Dividends Payab 10000 Cost 700000 July 10 Feb. 20 2022 divide Feb. 20, 2022 divide Mar 5 D July 15 Prepare a schedule to show the balance in the dividend payable account only 31 2022 Preferred Common Total Feb. 20 Declared dividend $ Mar. Paid dividend $ $ $ 5 $ Ending balance Show the dollar amount of the share capital accounts of Marin's balance sheet us at July 31 2022, -725 MARIN MERCHANDISING INC. Balance Sheet (Partial) $
