hi could you please answer this question

*Problem 11-2A (Part Level Submission) Macaron Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Mar. 1 May 1 June 1 July 24 Issued 940,000 common shares for $2 per share. Issued 19,000 preferred shares for $50 per share. Issued 235,000 common shares for $3 per share. Reacquired and retired 10,000 common shares at $2 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Issued 35,100 common shares for $113,000 cash and used equipment. The equipment originally cost $27,000. It now has a carrying amount of $13,500 and a current value of $14,400. The common shares were trading for $4 per share on this date. Issued 9,000 common shares for $5 per share. Issued 3,900 preferred shares for $50 per share. Reacquired and retired 13,000 common shares at $4 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Declared a $68,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Reported net income of $1,230,000 for the year. Sept. 4 Nov. 1 20 Dec. 14 31 *(b) Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Preferred Shares Common Shares M. Contributed Surplus Dividends Declared Retained Earnings