Parker Corporation's charter authorizes the issuance of 1 million common shares and 500,000 preferred shares that have a dividend rate of S6 per share per year. The following transactions involving share issues were completed. Assume that Parker follows IFRS and that each transaction is independent of the others.

1. Issued 4,200 common shares for machinery. The machinery had been appraised at $74,500, and the seller's carrying amount was $58,600. The common shares' most recent market price is $18 a share.
2. The board of directors declared a S6 dividend on both the 17,000 shares of outstanding common and the 40,000 shares of outstanding preferred.
3. Issued 2,500 common shares and 1,200 preferred shares for a lump sum of $125,000. The common shares had been selling at $13 and the preferred at $80.
4. Issued 2,200 common shares and 135 preferred shares for furniture. The common shares had a fair value of $14 per share and the furniture was appraised at $36,000.

Instructions
Prepare the journal entries to record the transactions.