I really need help with bottom portion. please help.

Recording the sale of Preferred Stock (par value = $100) 1) Record the sale of 1,000 shares of 4% Preferred Stock at $105 per share (=$105,000) Debit Credit Recording the declaring of a dividend of $15,000 ASSUME: that the company has a profit of $25,000 (see Income Summary account) and declares a dividend 2) Record the entry to declare a $15,000 dividend Debit Credit Recording the payment of a dividend of $15,000 3) Record the entry to pay the $15,000 dividend Debit Credit Assets Liabilities Equity Revenue Expense Cash Accts Payable Common Stock ($10 Par 10.000 Sales Revenue Cost Of Goods Sold 12,000 50,00 10,000 100,000 10,000 Common Stock Paid-In Capital In Excess of Par 2,000 40,000 90,000 Accts Receivable Wages Payable Preferred Stock ($100 par) Wages Expense Preferred Stock Paid-In Capital Inventory Dividends Payable In Excess of Par Rent Expense Capital Asset L/T Note Payable Treasury Stock Deprec Expense Paid-In Capital from Acc Deprec Sale of Treasury Stock Retained Earnings Common Stk Dividends Preferred Dividends Income Summary 25,000