Pearl City Corporation, a publicly traded company, is authorized to issue 213.000$4 noncumulative preferred shares and an unlimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred in 2021: Feb. 6 Issued 9.200 preferred shares for $542.800 Apr: 6 issued 20,600 common shares for $587,100. 27. Repurchased and retired 2,800 common shares at $17 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years May 29 Declared a semi-annual cash dividend to the preferred shareholders of record at June 12. payable July 1. Aug. 22 Issued 9,800 common shares in exchange for a building. At the time of the exchange, the building was valued at $164,800 and the common shares at $151,000 Dec. 14 The board of directors decided there were insufficient funds to declore the semi-annuat dividend to the preferred shareholders. 31 Net income for the year was $634,000. Record the above transactions, including ary entries required to close dividends and net income fliet all deblt enbries before credit entrios Credit dcoount tithes ane dutomaticolly indented when the amount is entered Do not hident manmilly if no entry is required, select "No Entry" for the ocrount titles and enter 0 for the amounts. Round avtroge cost per thare to 2 docimal palces, es. 2.25 and firal antwers to O decimal ploces)