Tailwind Company had the following shareholders' equity accounts as of April 1, 2020: Contributed capital: Preferred shares Class A common shares Class B common shares Retained earnings Total shareholders' equity $ $ $ $ $ 855,000 1,205,000 2,282,000 3,283,444 7,625,444 Number of shares issued and outstanding as of April 1, 2020 Preferred shares Class A common shares Class B common shares 66,944 201,914 384,049 The following transactions took place in 2020: May 5 Tailwind reacquired and cancelled Class A common shares: Number of Class A common shares reacquired Reacquisition price per share 949 $ $ 5.59 July 16 Tailwind issued Class A common shares: Number of Class A common shares issued Issuance price per share 1,756 9.16 $ $ September 20 Tailwind reacquired and cancelled Class A common shares: Number of shares retired Reacquisition price per share 993 9.07 $ October 2 Tailwind declared and distributed a 2% Class B common stock dividend: Market value per common share on March 2 Assume that the common shares are issued on the date of dividend declaration $ 9.05 Required: Prepare journal entries for each of the above transactions for 2020