The following shareholders' equity accounts are reported by Blossom Inc. on January 1: Common shares (unlimited authorized, 135,000 issued) Preferred shares $4 cumulative, convertible, 100,000 $2,025,000300,00028,0001,250,000 Retained earnings The following selected transactions occurred during the year: Feb. 11 Issued 45,000 common shares at $19 per share. Mar. 2 Reacquired 18,500 common shares at $21 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $29 per share. July 25 Reacquired 280 preferred shares at $70 pershare. The following selected transactions occurred during the year: Feb. 11 Issued 45,000 common shares at $19 per share. Mar. 2 Reacquired 18,500 common shares at $21 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $29 per share July 25 Reacquired 280 preferred shares at $70 per share. Sept. 16 Reacquired 45.000 common shares for $16 per share. Oct. 27 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 $18 per share. Dec: 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $20 per share. 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 occount titles and enter O for the amounts. Record journal entries in the order presented in the problem. Round average per share to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5.276. List all debit entries before credit entries.) Show how each class of shares will be presented in the shareholders' equity section of the balance sheet at December 31