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 14,000 common shares for a total of $88,000 on June 1, 2020. Date Jun 1 Account Title and Explanation Cash Debit Credit Issued common shares for cash b) A company declared dividends totalling $219,000 on June 3, 2020. Of that amount, preferred shareholders will receive $87,600 and common shareholders will receive the rest. The company uses the cash dividends account to record the declaration. Date Jun 3 Account Title and Explanation Record declaration of dividends Debit Credit