On January 1, 2021, Pizza Hat Ltd. had the following shareholders' equity accounts: Preferred shares, $2.50 noncumulative, 100,000 authorized, 5,000 shares issued... $600,000 Common shares, 250,000 authorized, 50,000 issued... $1,000,000 Dividends were not declared on the preferred shares in 2020. On April 1, 2021, 200 preferred shares were issued in exchange for a parcel of land with a fair value of $20,000. Preferred shares were traded at $110.00 per share. On July 5, 2021, the board of directors declared the annual cash dividend to preferred shareholders of record on July 20, 2021, payable on August 5, 2021. On September 5, 2021, the board of directors declared a $1.25 per share dividend on the common shares, payable October 5, 2021, to shareholders of record on September 20, 2021. Required: Prepare the necessary journal entries for the following dates: . April 1, 2021 July 5, 2021 July 20, 2021 August 6, 2021 September 5, 2021 September 20, 2021 October 5, 2021 If no journal entry is required, write "No journal entry required