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Brothers Corporation obtained its authorization from its charter to issue 100,000 shares of 12%, $100 par cumulative preference share and 300,000 shares of $1 par value ordinary share in the first year of operations, prepare joumal entries to record the following transactions in 2021 (1) Sold 50,000 shares of ordinary share for $300,000 on January 1 (2) Sold 3.000 shares of preference share for $360,000 on January 11 (3) Purchased 5,000 shares of outstanding ordinary share for $8.00 per share for the treasury on March 5 (4) Declared a dividend for preference shares and 50.20 per share for ordinary share on May 6. (5) Record the dividends on June 5 and paid the required dividends on July 12 Jun 5