Problem 11-2A Remmers Corporation, a publicly traded company, was organized on January 1, 2015. It is authorized to issue an unlimited number of $4 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Issued 516,000 common shares for $2 per share Mar. 1 Issued 14,900 preferred shares for $51 per share May 1Issued 58,000 common shares for $3 per share July 24 Issued 16,600 common shares for $68,970 cash and used equipment. The equipment originally cost $15,170. It now has a carrying amount of $7,990 and a fair value of $8,570. The common shares were trading for $4 per share on this date Sept. 1 Issued 4,450 common shares for $4 per share Nov. 1Issued 2,620 preferred shares for $52 per share Dec. 15 Declared a $36,500 dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10 31 Reported profit of $650,900 for the year Record the above transactions for 2015, including any required closing entries to close dividends and profit to Retained Earnings. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Transaction entries