The following transactions occurred, in the order given, during 2023: (a) 1,230 subscriptions were sold for common shares. Each subscription entitled the purchaser to purchase 10 shares in the company at a price of $8 per share. According to the subscription contracts, a payment of $20 per subscription was required at the time the subscriptions were sold. (b) As per the subscription contracts, the second payment was for the balance of the subscription price. Of the 1,230 subscribers, 210 defaulted and did not make this second payment. (c) The subscription contracts specify that, in the event of default, the first payment will not be refunded to defaulting subscribers. Also, at this time, common shares are issued to subscribers that have fully paid on the contract. (d) Novak repurchased and cancelled 68,000 common shares at a cost of $4 per share. (e) A cash dividend of $0.80 per share was declared. The date of record was after all of the events above. Prepare the journal entries to record the above transactions for Novak Corporation for 2023. (Round average share price to 2 decimal places for your calculations, eg. 52.75 and final answers to O decimal places, eg. 5,275. List all debit entries before credit entries, Credit account 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 0 for the amounts.) (C) (To record forfeit of payment from defaulting subscribers) (To record issuance of shares) (d) (e)