Part A Ron's Lawns Inc.'s charter authorizes the company to issue up to 200,000 common shares. As of January 1, 2020, Ron's Lawns Inc.'s shareholders' equity section of the balance sheet reported the following: Common shares (outstanding: 20,000 shares) $220,000 During 2020, the following transactions related to shareholders' equity occurred, in the order given: Jan 13: Declared a cash dividend of $1.50 per share to all shareholders of record on January 30. The dividend is payable on Feb 1. Feb 1: Paid the dividend from January 13. Apr 22: Reacquired and canceled 5,000 common shares at $11 cash per share from shareholders. Jul 4: Issued 15,000 additional common shares for $180,000 cash. Required: Provide the journal entries to record the above transactions, using the table below to record your answers. NOTE: USE FULL, PROPER ACCOUNT NAMES AS USED IN CLASS AND IN THE TEXTBOOK - NO ABBREVIATIONS. ENTER DOLLAR AMOUNTS IN WHOLE DOLLARS ONLY: NO COMMAS, NO DOLLAR SIGN, NO DECIMALS. Date Jan 13 Account Name(s) Feb 1 Apr 22 Jul 4 Debit Credit Part B Smiles 'n Tiles Corporation had the following share capital at the beginning of their 2020 fiscal year: Common shares (outstanding, 82,000 shares) $820,000 Preferred shares (59% dividend; outstanding, 140,000 shares) $140,000 At the 2020 fiscal year-end, the board of directors decided to declare a total dividend of $48,000. No dividends were declared in 2019 or 2018. Determine the breakdown in total dividends distributed between preferred shareholders and common shareholders, assuming: i) the preferred shares are non-cumulative ii) the preferred shares are cumulative (assume the dividends were not in arrears at the beginning of 2018). Record your answers in this table. ENTER WHOLE DOLLARS ONLY: NO DOLLAR SIGNS, NO COMMAS, NO SPECIAL CHARACTERS: Total Paid to Preferred ShareholdersTotal Paid to Common Shareholders Scenario i): Scenario ii)