= Toy Co Corporation, a publicly traded company, is authorized to issue 207,000 $4 noncumulative preferred shares and an unlimited number of common shares. On January 1, 2021, the general ledger contained the following shareholders' equity accounts: Preferred shares (8,500 shares issued) Common shares (68,600 shares issued) Contributed surplus Retained earnings Accumulated other comprehensive income $467,500 1,097,600 22.700 841,000 10,400 The following equity transactions occurred in 2021: Feb. 6 Apr. 6 27 Issued 9.900 preferred shares for $603,900. Issued 19,600 common shares for $578,200 Repurchased and retired 2,900 common shares at $18 per share. The balance in the Contributed Surplus account arose from the repurchase of common shares in prior years, Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1 Issued 8,900 common shares in exchange for a building At the time of the exchange the building was valued at $173,300 and the common shares at $157,000 The board of directors decided there were insufficient funds to declare the semiannual dividend to the preferred shareholders May 29 Aug 22 Dec 14 31 Net Income for the year was $539.000 Record the above transactions, including any entries required to close dividends and net income. (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 o for the amounts. Round average cost per share to 2 decimal palces, c.g. 2.25 and final answers to decimal places.) Date Account Titles and Explanation Feb. 6 Debit Cash Credit Preferred Shares