The shareholders' equity section of Marin Corporation at December 31, 2020 included the following: $6 preferred shares, cumulative, 11,400 shares authorized, 9,400 shares issued Common shares, 264,000 shares authorized, 214,000 shares issued $940,000 $2,140,000 Dividends were not declared on the preferred shares in 2020 and are in arrears. On September 15, 2021, the board of directors of Marin 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 Marin Corporation in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) September 15 Cash Dividends - Preferred Dividends Payable