Pronghorn Corporation's charter authorizes the issuance of $0\mathrm{.}95$ million common shares and $480,000$ preferred shares that have a dividend rate of $$6$ per share per year. The following transactions involving share issues were completed. Assume that Pronghorn follows IFRS and that each transaction is independent of the others$\mathrm{.}1\mathrm{.}2\mathrm{.}3\mathrm{.}4.$Issued $4,700$ common shares for machinery. The machinery had been appraised at $$74,500,$ and the seller's carrying amount was $$58,600.$ The common shares' most recent market price is $$17$ a share.The board of directors declared a $$8$ dividend on both the $17,000$ outstanding common shares and the $40,000$ outstanding preferred shares.Issued $2,600$ common shares and $1,200$ preferred shares for a lump sum of $$121,000.$ The common shares had been selling at $$20$ and the preferred at $$90.$Issued $2,200$ common shares and $135$ preferred shares for furniture. The common shares had a fair value of $$17$ per share and the furniture was appraised at $$40,000.$Prepare the journal entries to record the transactions. $($List all debit entries before credit entries. Credit account titles are automatically