The following transactions occurred, in the order given, during 2025: (a) April 15: Received subscriptions and down payments for 125.000 common shares at $34 per share. The subscription contracts call for 500 of the subscription price to be paid upon receipt, and the remaining 50x to be paid on June 30 . in the event of default on the subscriptions, the company will retain the down payment. (b) May 1 issued 50.000 preferred shares at $125 per share. (c) June 30: Received payment for 100,000 of the subscribed common shares; the remaining 25,000 defaulted, issued the share certificates for the appropriate number of shares. (c) June 30: Received payment for 100,000 of the subscribed common shares; the remaining 25,000 defaulted. Issued the share certificates for the appropriate number of shares. (d) August 5: Repurchausd and cancelled 25,000 common shares at a cost of $19 per share. (e) September 15: Declared dividends for preferred shares (dividends had not been paid the previous year). Also deciared $1.80 per share dividenid for common shares. Both dividends are to be paid on November 1 to shareholders of record on October 1 . (1) If the preferred shares had a $100 par value, what would be the journal entry for the May 1 issuance of preferred shares in part (b)? Prepare the journal entries to record the above transactions for Bonita Corporation for 2025 . Qust all debit entries before credit entrles. Credlt occount tites are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the occount tides and enter O for the amounts. Round overoge share price to 2 decinai ploces for intermediete calculotions, eg. 52.75 and final answers to 0 decimal ploces, eg. 5,275)