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QUESTION 5 (12 Marks) The shareholders' equity section of Hamilton Corporation at December 31, 2018, included the following Preferred share, $2, cumulative, 10,000 shares authorized, 8,000 shares issued $ 320,000 Common shares, unlimited number authorized, 300,000 shares issued 2,400,000 Dividends were not declared on the preferred shares in 2018 and are in arrears. The following transactions occurred during 2019 1. Issued 100,000 common shares for cash at $9 per share on March 1. 2. Declared a preferred dividend for 2018 and 2019 on September 1st, to the preferred shareholders of record on September 20th, payable on September 30th. 3. Issued 2,000 preferred shares on November 28, 2019 for cash at $42 per share. 4. Declared a $.30 (30 cent) dividend on December 5, 2019, to the common shareholders of record on December 20, 2019, payable on December 31st, 2019 REQUIRED: Prepare the journal entries for all transactions. If no entry is needed write "No entry required." No explanations required but show any calculations. A table is provided below: Date Account Titles Debit Credit 2019 7 School of Business 2016, Southern Alberta Institute of Technology $8SAIT INTRODUCTORY FINANCIAL ACCOUNTING I Date Account Titles Debit Credit