Shamrock Ltd. showed the following information on its September 30, 2021 year-end financial statements:

Preferred Shares, $9 cumulative, 500,000 shares authorized, 189,000 shares issued and outstanding		$2,835,000
Common Shares, no par value, unlimited shares authorized, 619,000 shares issued and outstanding		$6,190,000

The following transactions occurred, in the order given, during 2022:

(a)		October 10, 2021: Received subscriptions and down payments for 74,000 common shares at $11 per share. The subscription contracts calls for 40% of the subscription to be paid upon receipt, and the remaining 60% to be paid on November 30, 2021. In the event of default on the subscriptions, the company will retain the down payment.
(b)		November 30, 2021: Received payment for 69,400 of the subscribed shares; the remaining 4,600 defaulted. Issued the share certificates for the appropriate number of shares.
(c)		January 1, 2022: Issued 10,700 preferred shares at $40 per share.
(d)		April 5, 2022: Repurchased and cancelled 20,800 common shares at a cost of $9 per share.
(e)		August 15, 2022: Declared dividends for preferred shares (dividends had not been paid the previous year). Also declared $3 per share dividend for common shares. Both dividends are to be paid on October 1 to shareholders of record on September 30, 2022.
(f)		If the preferred shares had a $30 par value, what journal entry would be required for the January 1, 2022 transaction in part (c)?

Prepare the journal entries to record the above transactions for Shamrock Ltd. for 2022. (Round average share price to 2 decimal places for your calculations, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275. 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 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
(a)
	(To record sale of shares on a subscription basis)
	(To record collection of down payment)
(b)
	(Collection of share subscriptions receivable)
	(To record forfeit of payment from defaulting subscribers)
	(To record issuance of shares)
(c)
(d)
(e)
	(To record dividend declaration for preferred shares)
	(To record dividend declaration for common shares)
	(To record payment of dividends)
(f)