On January 1, 2021. Carla Vista Ltd. had the following shareholders' equity accounts: Common shares (1,000,000 issued) Retained earnings $1.800.000 2,140,000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2021, none had been issued. During 2021, the corporation had the following transactions and events related to its shareholders' equity: 2 1 Jan. Apr. July Aug Oct. 1 12. Issued 97.000 preferred shares for $55 per share. Paid quarterly dividend to preferred shareholders. Paid quarterly dividend to preferred shareholders. Issued 97,000 common shares for $2.20 per share. Paid quarterly dividend to preferred shareholders, Paid quarterly dividend to preferred shareholders and a $0.20 per share dividend to the common shareholders. Loss for the year was $97,000. 1 Dec. 31 Dec 31 Journalize the transactions and the entries to close dividends and the Income Summary account. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 2 (To record issuance of shares.) Apr. 14a (To record issuance of shares.) Dec. 31 (To record dividends paid) (To close Income Summary.) (To close dividends.)