Question B1 Below is the shareholders' equity section of Martin Corporation (Martin)'s Statement of Financial Position as at 1 January 2021. Shareholders' Equity Contributed Capital: Ordinary shares, $1.5 par, 1,200,000 shares authorized, 150,000 shares issued Share premium: Ordinary shares $225,000 75,000 300,000 280,000 580,000 Retained earnings Total shareholders' equity During 2021, the following events occurred in sequential order: (1) Martin issued 400,000 of its $1.5 par value ordinary shares for $2.2 per share. (2) Martin purchased 10,000 of its ordinary shares at a cost of $3.3 per share in the open market. (3) Martin issued 8,000 of its $90 par value 8% cumulative preference shares, for $98 per share. Martin can issue up to 50,000 of its preference shares. (4) On 30 December 2021, the board of directors declared and paid all the dividends, including $0.15 per share to ordinary shareholders, as well as satisfying annual preference share dividend requirements. (5) On 31 December 2021, Mr Chow, a shareholder, used 12,000 ordinary shares of Martin as a security to borrow a bank loan to purchase a car for his own use. The market price of the share was $4.2 on 31 December 2021. Required: (a) Prepare the journal entries for the above transactions. If an state No entry and no explanation is required. event does not require any entry, (13 marks)