The general ledger of Duffy Dog Corporation, a publicly traded company, contained the following shareholders' equity accounts in 2018: December 31 January 1 $480,000 $1,060,000 Preferred shares (9,600 and 21,200 shares issued, respectively) Common shares (311,000 and 386,000 shares issued, respectively) 2,488,000 3,988,000 Stock dividends distributable 0 424,600 Retained earnings 3,026,400 2,716,000 Areview of the accounting records for the year ended December 31, 2018, reveals the following information: 1. On January 1, 11,600 additional $5 noncumulative preferred shares were issued for $50 each. An unlimited number are authorized 2. On October 1,75,000 common shares were sold for cash at $20 per share. An unlimited number are authorized. 3. The annual preferred shareholders' cash dividend was declared and paid during the year 4. On December 31, a 5% stock dividend was declared on common shares when the share price was $22. The stock dividend is distributable on January 20. 5. Net income for the year was $841,000. 6. On December 31, the board of directors authorized a $524,000 restriction on retained earnings for a plant expansion. (a) Reproduce the Preferred Shares, Common Shares, Stock Dividends Distributable, and Retained Earnings general ledger accounts for the year. (Record entries in the order presented in the problem.) Preferred Shares Common Shares