On January 1, 2020, Blue Spruce Ltd. (a public company) had the following shareholders' equity accounts: 0 Preferred shares $5 non-cumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 900,000 issued Retained earnings Accumulated other comprehensive income $ 8,100,000 1.165.000 137,000 The following selected transactions occurred during 2020: Jan. 2 Mar. 5 Apr. 18 June 5 Sept. 5 Dec. S Dec 31 Issued 100.000 preferred shares at $100 per share. Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April 1. Issued 140,000 common shares at $9 per share. Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1. Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Net income for the year was $430,000. Date Credit Debit Account Titles and Explanation Jan 2 Mars