The following shareholders' equity accounts are reported by Ivanhoe Inc. on January 1: Common shares (unlimited authorized, 139,500 issued) $2,232,000 Preferred shares ($4 cumulative, convertible, 100,000 authorized, 4,300 issued) 322,500 Contributed surplus-reacquisition of common shares 28,600 Retained earnings 1,253,000 The following selected transactions occurred during the year: Feb. 11 Issued 46,500 common shares at $20 per share. Mar. 2 Reacquired 18,800 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 310 preferred shares at $70 per share. Sept. 16 Reacquired 46,500 common shares for $17 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 $19 per share. Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share.Date Account Titles and Explanation Debit Credit (Issued common shares for cash.) Mar. 2 (To record reacquisition of common shares.) (To record reacquisition of5am, I | I I egg I II I [To rem rd reacquisitian of common shares.} I \"II II I I [To rem rd declaration of stock diII.ridend.]I WI I II I [To record distribution of stock dividend.)