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 12,200 common shares for a total of $86,000 on March 1, 2020. Date Account Title and Explanation Mar 1 Cash Common Stock Dividends Distributable Debit Credit Issued common shares for cash b) A company declared dividends totalling $197.000 on March 3, 2020. Of that amount, preferred shareholders will receive $78,800 and common shareholders will receive the rest. The company uses the cash dividends account to record the declaration Date Account Title and Explanation Mar 3 = Record declaration of dividends Debit Credit