The following shareholders' equity accounts are reported by Carla Vista Inc. on January 1: Common shares (unlimited authorized, 172,500 issued) $2,587,500 Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5,900 issued) 442,500 Contributed surplus-reacquisition of common shares 31,800 Retained earnings 1,269,000 The following selected transactions occurred during the year: Feb. 11 Issued 54,500 common shares at $20 per share. Mar. 2 Reacquired 20,400 common shares at $22 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. July 25 Reacquired 470 preferred shares at $74 per share. Sept. 16 Reacquired 54,500 common shares for $18 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 $21 per share. Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $22 per share. Prepare journal entries for the transactions. (Credit account titles are automatically indented when the amount is presented in the problem. Round average per share to 2 decimal places, e.g. 15.25 and final answers to 0 deci Date Account Titles and Explanation Debit Credit Mar. 2 Sept. 16 Show how each class of shares will be presented in the shareholders' equity section of the balance sheet at December 31. Carla Vista Inc. Partial Balance Sheet Shareholders' equity ta