The contributed surplus arose from net excess of proceeds over cost on a previous cancellation of common shares. Crane prepares financial statements in accordance with ASPE. The following transactions occutred, in the order given, during 2023: 1. Subscriptions were sold for 12.000 common shares at $26 per share. The first payment was for $10 per share. 2. The second payment for the sale in item 1 above was for $16 per share. All payments were received on the second puyment except for 2.000 shares. 3. In accordance with the subscription contract, which requires that defaulting subscribers have all their payments refunded. refund cheques weresent to the defaulting subscribers. At this point. common shares were iswed to subscribers who had fully paid on the contract. 4. Repurchased 22.000 common shares at $29 per share. They wore then retired. 5. Sold 5,900 preferred shares and 2,800 common shares together for $311,000. The common shares had a fair value of $31 per share. (a) Prepare the journal entries to record the transactions for the company for 2023. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do pot indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round average share price to 2 decimol ploces, 5.27 and final answers to 0 decimal places, eg. 5,275.) No. Account Titles and Explanation Debit Credit 1. 2. 3. (To record refund to defaulting subscribers) (To record refund to defaulting subscribers) (To issue shares fully paid on subscriptions) 4. 5