During 2015,blue buck Ltd took part in the following transactions concerning shareholders equity:
- paid the annual dividend on the preferred shares and a $2 dividend on the common shares.These dividends had been declared on 28 December 2014.
- Issued 500 preferred shares at $105.
- Received equipment with a market value of $77600 for 7500 common shares
- Appropriated retained earnings for plant expansion $200000
use journal entries to record the transactions .Narratives are not required.