Sheridan Corporation was organized on January 1,2022 . It is authorized to issue 18,400 shares of $3-noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the first year. Jan. 1 Issued 73,600 common shares for cash at $3 per share. Mar. 1 Issued 10,800 preferred shares for cash at $54 per share. May 1 Issued 110,400 common shares for cash at $5 per share. Sept. 1 Issued 4,600 common shares for cash at $6 per share. Nov. 1 Issued 3,000 preferred shares for cash at $56 per share. Dec. 1 Declared the annual preferred dividend to the preferred shareholders, to shareholders of record on December 15 , payable on January 15, 2023. Dec. 31 Reported net income of $135,600 for the year. Record the above transactions. (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 0 for the amounts. Record journal entries in the order presented in the problem.)