Practical (Applications: 18 marks) For each of the following transactions for Leftorium Corporation, you are required to identify the accounts (in full) that will be debited and credited. # TRANSACTION 1 Issued preferred shares in return for cash. 2 3 Declared dividend on the preferred shares. Paid dividend on the preferred shares. 4 Recognized income tax owing. ACCOUNT TO BE DEBITED ACCOUNT TO BE CREDITED