5. Dr. Smith started BioTech Inc. (BTE). on October 1, 2018. On October 1, 2018, BTE issued 100 common shares to Dr. Smith in exchange for $10,000 in cash. Also, the following events occurred in December 2018. (12 marks) issued a) On December 1, 2018, BTE borrowed SI, 200,000, 5 year loan, and 7% interest-bearing b) On December 10, 2018, BTE issued 1000 preferred Class A shares to investors for $600 each. The articles of incorporation (charter) authorizes El to issue 20,000 896, $250 stated value Class A, non-cumulative preferred shares. c) On December 28, 2018, BTE declared and paid a 5% stock dividend on the common shares and the market value of the common shares before the announcement of the stock dividend was $850 per share. d) On December 30, 2018, BTE issued a dividend to the common shareholders of record of S50 per share Required: Please prepare the necessary journal entries for the transactions above as well as any adjusting entries required at the year-end date December 31, 2018. Date Account Debit Credit