The following shareholders equity accounts are reported by Blossom Inc. on January 1: $2,160,000 Common shares (unlimited authorized, 135,000 issued) Preferred shares (54 cumulative, convertible, 100.000 authorized, 4,000 issued) Contributed surplus-reacquisition of common shares Retained earnings 300,000 28,000 1.250,000 The following selected transactions occurred during the year: Feb. 11 Mar. 2 June 14 July 25 Issued 45,000 common shares at $20 per share. Reacquired 18,500 common shares at $22 per share. Split the common shares 2 for 1 when the common shares were trading at $30 per share. Reacquired 280 preferred shares at $70 per share. Reacquired 45,000 common shares for $17 per share. Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share. Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share Sept. 16 Oct 27 Dec 13 Prepare journal entries for the transactions. (Credit occount 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 for the amounts. Record journal entries in the order presented in the problem. Round average per share to 2 decimal places, s. 15.25 and final answers to decimal places, es 5.276) Date Account Titles and Explanation Debit Credit (Issued common shares for cash Mar 2 (To record reacquisition of Commons (To record reacquisition of preferred shares) Sept. 16 To record reacquisition of common shares) (To record declaration of stock dividend) Show how each class of shares will be presented in the shareholders' equity section of the balance sheet at December 31 Blossom Inc. Partial Balance Sheet Shareholders' equity $ eTextbook and Media List of Accounts