The shareholders' equity section of Larkspur Corporation at December 31, 2020 included the following:

$6 preferred shares, cumulative,
11,300 shares authorized, 9,300 shares issued		$930,000
Common shares, 263,000 shares authorized,
213,000 shares issued		$2,130,000

Dividends were not declared on the preferred shares in 2020 and are in arrears. On September 15, 2021, the board of directors of Larkspur Corporation declared dividends on the preferred shares for 2020 and 2021, to shareholders of record on October 1, 2021, payable on October 15, 2021. On November 1, 2021, the board of directors declared a $2 per share dividend on the common shares, payable November 30, 2021, to shareholders of record on November 15, 2021. Prepare the journal entries that should be made by Larkspur Corporation in 2021.