on 4 (13 points) Question 4 (13 marks) Hold the Door Ltd. reported the following items in shareholders' equity at 31 December 2019: Amount $13,500,000 Info Preferred shares, $4 dividend; 120,000 shares outstanding cumulative, participating in dividends with common shares after the common shares have received $2.40 per share; participation is based on an even 50/50 split of the remaining dollar balance. Common shares, 640,000 shares issued Contributed capital on retirement of $4 preferred shares Retained earnings Treasury stock, 40,000 common shares $28,800,000 $37.200 $26,679,500 $2,400,000 Required: Prepare journal entries for the following transactions. (3 parts below) a) Repurchase and retirement of 30,000 common shares for $76.25 per share (4 marks) b) Repurchase and retirement of 5,000 $4 preferred shares for $120 per share (5 marks) pro