On January $1,2024,$ Benton Ltd$.,$ a private company, had the following shareholders' equity accounts:

Preferred shares, $$1$ noncumulative, unlimited number authorized, none issued

Common shares, unlimited number authorized, $3\mathrm{.}08$ million issued

$$3,080,000$

Retained earnings

$4,030,000$

The following selected transactions occurred during $2024$:

Jan. $5$

Issued $210,000$ preferred shares at $$25$ per share.

Feb. $11$

Issued $90,000$ common shares in exchange for a building. On this date, the fair value of the building was $$183,000.$ The common shares have not recently traded, but the last time they traded, they sold for $$2\mathrm{.}50$ per share.

Mar $9$

Declared the quarterly cash dividend to preferred shareholders of record on March $25,$ payable April $15.$

Apr. $28$

Issued $380,000$ common shares at $$3$ per share.

June $15$

Declared the quarterly cash dividend to preferred shareholders of record on June $30,$ payable July $15.$

Sept. $5$

Declared the quarterly cash dividend to preferred shareholders of record on September $15,$ payable October $11.$

Oct $13$

Issued $41,000$ preferred shares at $$25$ per share.

Dec $6$

Declared the quarterly cash dividend to preferred shareholders of record on December $20,$ payable January $10$

Dec $18,$ Declared a cash dividend of $0\mathrm{.}50$ per share to the common shareholders of record on December $31,,$ payable Jan $10.$

NET INCOME FOR YEAR WAS $ $1\mathrm{.}08$ million.Record the transactions for $2024,$ open t accounts