Wildhorse Ltd had the following shareholders' equity on December 31, 2021: Common shares, 2,700,000 shares issued and outstanding $8,100,000 Contributed surplus (Common shares) 17,000 Retained earnings 19,500,000 Total shareholders' equity $27,617.000 The following transactions occurred, in the order given, during 2022: (a) (b) 440 subscriptions were sold for common shares. Each subscription entitled the purchaser to purchase 20 shares in the company at a price of $6 per share. According to the subscription contracts, a payment of $29 per subscription was required at the time the subscriptions were sold. As per the subscription contracts, the second payment was for the balance of the subscription price. All but 60 of the subscribers made this payment. The subscription contracts specify that, in the event of default, the first payment will not be refunded to defaulting subscribers. Also at this time, common shares are issued to subscribers that have fully paid on the contract. Wildhorse repurchased and cancelled 90,000 common shares at a cost of $2.50 per share. A cash dividend of $0.30 per share was declared. The date of record was after all of the events above. (c) (d) (e) Prepare the journal entries to record the above transactions for Wildhorse Ltd. for 2022. (Round average share price to 2 decimal places for vour List of Accounts Assistance Used Accounts Payable Accounts Receivable Accumulated Depreciation - Automobiles - Accumulated Depreciation - Buildings Accumulated OCI Automobiles Bonds Payable Buildings Cash Common Shares Common Shares Subscribed Common Stock Dividends Distributable Contributed Surplus Contributed Surplus - Donated Land Deficit Dividend Receivable Dividend Revenue Dividends Dividends Payable Equipment FV - NI Investments FV- OCI Investments Furniture and Fixtures FV - NI Investments FV- OCI Investments Furniture and Fixtures Gain on Appreciation of Capital Asset Gain on Disposal of Investments FV-OCI Income Summary Inventory Investment in Sinking Fund Investment Income or Loss Land Legal Expense Loss in Value of Investment Property Machinery No Entry Notes Payable Preferred Shares Property Dividends Payable Retained Earnings Share Subscriptions Receivable Treasury Shares Unrealized Gain or Loss Unrealized Gain or Loss - OCI