Shareholders' Equity Share capital $8 Preferred shares, no par value, cumulative, 30,000 shares issued Common shares, no par value, 400,000 shares issued Total share capital Retained earnings (Note A) Total shareholders' equity Note A: Preferred dividends are in arrears for 2017. $ 3,000,000 10,000,000 13,000,000 4.100,000 $17100,000 Required: Prepare the appropriate journal entries for the following transactions, all during 2018. Omit journal entry explanations. Show calculations for part marks. a. January 31: Issued 40,000 common shares for $60 per share. (1 mark) b. August 1: Exchanged 2,000 common shares for equipment on the day of the exchange, the