Can you please include formulas of how things were calculated. Thanks I will upvote

The shareholders' equity accounts of Gennar Inc. at January 2 of the current year are as follows: The following transactions occurred during the year: March 10 Purchased a building for $3,000,000. The seller agreed to receive 20,000 preferred shares and 15,000 common shares o Gennar in exchange for the building. The preferred shares were trading in the market at $50 per share on that day. July 1 Declared a semi-annual cash dividend of $1.00 per common share and the required amount of dividends on preferred shares, payable on August 1, to shareholders of record on July 21 . The annual dividend of $2 per preferred share had no been paid in the previous two years. August 1 Paid the cash dividend declared on July 1 to both common and preferred shareholders. December 31 Determined that net earnings for the year were $385,000. Requived: 1. Prepare journal entries to record the above transactions. 2. Prepare the shareholders' equity section of Gennar's statement of financial position as at December 31 , the end of the year