Sarasota Ltd. was incorporated on January 1, 2022. During the year the company entered into the following transactions: Jan 5 Issued 58,000 common shares for $2.50 per share. Jan 20 Issued 2,500 common shares to settle legal expenses. The value of the legal expenses was $12,300. Feb 10 Issued 15,000 preferred shares for $35.00 per share. Aug 12 Repurchased 18,000 common shares for $2.40 per share. Oct 1 Issued 4,100 common shares for $2.25 per share. Dec 31 Repurchased 25,000 common shares for $2.72 per share. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round per share to 2 decimal places, e.g. 5.75 and final answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Jan 5 Cash Common Shares Jan 20 Legal Expense Common Shares Feb 10 Cash Aug 12 Preferred Shares Common Shares Cash Contributed Surplus Debit 145000 12300 525000 Credit 145000 12300 525000 43200 600