Continuing Cookie Chronicle 11 Part 2 (Part Level Submission) After establishing their company's fiscal year-end to be October 31, Natalie and Curtis began operating Cookie & Coffee Creations Inc. on November 1, 2018. The company had the following selected transactions during its first fiscal year of operations. Jan. 1 Issued an additional 800 preferred shares to Natalie's brother for $4,000 cash. June 30 Repurchased 750 shares issued to the lawyer, for $500 cash. The lawyer had decided to retire and wanted to liquidate all of her assets. Oct. 15 The company had a very successful first year of operations and as a result declared dividends of $28,000, payable November 15, 2019. (Indicate the amounts payable to the preferred stockholders and to the common stockholders.) Oct. 31 The company earned revenues of $472,500 and incurred expenses of $416,500 (including the $750 legal expense from November 1 but excluding income tax). Record income tax expense, assuming the company has a 20% income tax rate. Your answer is partially correct. Try again. Prepare the journal entries to record each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Date 1 Jan. 1 T Cash 1 Preferred Stock 4000.00 * T Treasury Stock 500.00 Cash Poct. 15 : Cash Dividends 3,000.00 T Dividends Payable-Preferred 28,000.00 Oct. 31 Income Tax Expense T Income Tax Payable )