Roger Corporation, a publicly traded company, is authorized to issue 212,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders' equity accounts: Preferred shares (8,100 shares issued) $445,500 Common shares (64,400 shares issued) 1,030,400 Contributed surplus 24,600 Retained earnings 788,000 Accumulated other comprehensive income 9,800 The following equity transactions occurred in 2018: Feb. 6 Issued 10,000 preferred shares for $590,000. Apr. 6 Issued 18,400 common shares for $542,800. 27 Reacquired and retired 3,000 common shares at $18 per share. May 29 Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1. Aug. 22 Issued 9,400 common shares in exchange for a building. At the time of the exchange, the building was valued at $159,200 and the common shares at $144,000. Dec. 14 The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. 31 Net income for the year was $618,000. (a) - Your answer is partially correct. Record the above transactions, including any entries required to close dividends and net income. (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 for the amounts. Round average cost per share to 2 decimal palces, e.g. 2.25 and final answers to 0 decimal places.) Account Titles and Explanation Debit Credit Date Feb. 6 Cash 590000 Preferred Shares 590000 | Apr. 6 | Cash Cash 542800 Common Shares 542800 Apr. 27 Common Shares 48000 Contributed Surplus 6000