Roger Corporation, a publicly traded company was organized on January 1, 2021. It is authorized to issue an unlimited number of $3 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 Mar. 1 May 1 June 1 July 24 Issued 900,000 common shares for $2 per share. Issued 20,000 preferred shares for $50 per share. Issued 225,000 common shares for $3 per share. Repurchased and retired 11.000 common shares at $2 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction. Issued 36,700 common shares for $127.000 cash and used equipment. The equipment would have cost $31,000 if Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $16,500. The common shares were trading for $4 per share on this date. Issued 10,000 common shares for $5 per share. Issued 4.300 preferred shares for $50 per share. Repurchased and retired 17.000 common shares at $4 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction. Sept. 4 Nov. 1 20 Dec. 14 share to the nearest cent before recording this transaction. Declared a $70,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Reported net income of $1.19 million for the year. 31 Record the above transactions for 2021, including any required entries to close dividends declared and net income. (List all debit entries before credit entries. 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, eg. 2.25 and final answers to decimal places.) Transaction entries: Date Account Titles and Explanation Debit Credit Closing entries: Date Account Titles and Explanation Debit Credit Dec. 31 (To close cash dividends) Dec. 31 (To close profit) Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the prob Preferred Shares V Common Shares