Nash Corporation showed the following information on its financial statements on December 31, 2021: Preferred Share.no per le $5 cumulative, 200,000 thorized 100,000 dolardir Comen Shopee unlimited 400.000 de outstanding $10 000 000 $10.000.000 The following actions occurred in the order giver during 2022 April 15: Received subscriptions and down payments for 100.000 common shares at $30 per share. The subscription contracts call for of the subscription price to be paid upon receipt and the remaining 45 to be paid on June 30. In the event of default on the subscriptions, the company will retain the down payment b) May 1sued 50.000 preferred shares at $125 per share. June 30: Received payment for 90,000 of the subscribed common shares the remaining 10.000 defaulted issued the share certificates for the appropriate number of shares Id Aut 5 Repurchased andmed 10 000 Comments of $20 pershaw 1 September 15. Declared dividends for preferred shores dividends had not been paid the previous year). Also declared $140 per share dividend for common shares Birth dividends are to be paid on November to shareholders of record on October 1 If the preferred shares had $100 par value. What would be the journal entry for the May Issuance of preferred shares in part (bt? Prepare thejsanal entries to record the above transactions for Nash Corporation for 2002. Creditcantiles are automatically indented when the amount is entered. Do not inderit no entry is required, select "No Entry for the account titles and enter for the amounts Round average shore pricedo 2 decimal places for intermediate calculations 52.75 and final answer to decimal places, s 5,275J No. Account Titles and Explanation (a) (To record sale of shares on subscription bele (Torecord collection or down payment) (b) (To record receipt of cach for the Final installment on belbed shares) (To record detault on subscribed shares) (Terwcardiac fommen har for those subscribed and paid for) (d (To record dividend dedered) (To record dividend paid) Nash Corporation showed the following information on its financial statements on December 31, 2021: Preferred Share.no per le $5 cumulative, 200,000 thorized 100,000 dolardir Comen Shopee unlimited 400.000 de outstanding $10 000 000 $10.000.000 The following actions occurred in the order giver during 2022 April 15: Received subscriptions and down payments for 100.000 common shares at $30 per share. The subscription contracts call for of the subscription price to be paid upon receipt and the remaining 45 to be paid on June 30. In the event of default on the subscriptions, the company will retain the down payment b) May 1sued 50.000 preferred shares at $125 per share. June 30: Received payment for 90,000 of the subscribed common shares the remaining 10.000 defaulted issued the share certificates for the appropriate number of shares Id Aut 5 Repurchased andmed 10 000 Comments of $20 pershaw 1 September 15. Declared dividends for preferred shores dividends had not been paid the previous year). Also declared $140 per share dividend for common shares Birth dividends are to be paid on November to shareholders of record on October 1 If the preferred shares had $100 par value. What would be the journal entry for the May Issuance of preferred shares in part (bt? Prepare thejsanal entries to record the above transactions for Nash Corporation for 2002. Creditcantiles are automatically indented when the amount is entered. Do not inderit no entry is required, select "No Entry for the account titles and enter for the amounts Round average shore pricedo 2 decimal places for intermediate calculations 52.75 and final answer to decimal places, s 5,275J No. Account Titles and Explanation (a) (To record sale of shares on subscription bele (Torecord collection or down payment) (b) (To record receipt of cach for the Final installment on belbed shares) (To record detault on subscribed shares) (Terwcardiac fommen har for those subscribed and paid for) (d (To record dividend dedered) (To record dividend paid)