Prepare the journal entry for each of the following independent transactions: Do not enter dollar signs or commas in the input boxes. For transactions that have 2 debits or credits, enter the accounts in alphabetical order. a) A company issued 14,400 common shares for a total of $103,000 on December 1, 2020. Date Account Title and Explanation Dec 1 Cash Debit Credit 40 Common Stock Dividends Distributable Issued common shares for cash b) A company declared dividends totalling $176,000 on December 3, 2020. Of that amount, preferred shareholders will receive $70,400 and common shareholders will receive the rest. The company uses the cash dividends account to record the declaration. Date: Dec 3 Account Title and Explanation Debit Credit