Pearl Ltd. issues 8,000, $5 cumulative preferred shares at $62 each and 15,000 common shares at $30 each at the beginning of 2019. Each preferred share is convertible into two common shares. During the years 2020 and 2021, the following transactions affected Pearl's shareholders' equity accounts: 2020 Jan. 10 Paid $13,000 of annual dividends to preferred shareholders. 2021 Jan. 10 Paid annual dividend to preferred shareholders and a $3,100 dividend to common shareholders. Mar. 1 The preferred shares were converted into common shares. Journalize each of the transactions. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit 2020 Jan . 10 (To record preferred share dividend.) Date Account Titles and Explanation Debit Credit 2021 : Jan. 10 (To record common and preferred share dividends.) Mar-1' i (To record conversion of shares.)