i want help with the 1st question

2. Based on the following financial statement information and the events occurring during the following year, complete the requirements below. BIZ INC. Equity Section of the Balance Sheet December 31, 2019 Contributed Capital: Preferred Shares, $2.00 cumulative; 40,000 shares authorized; 2,500 shares issued and outstanding........... Common Shares 100,000 shares authorized; 10,000 shares issued and outstanding. Total contributed capital.... A B $138,000 c Retained Earnings... Total Shareholders' Equity.. D Required: (8 marks) 1. Calculate "A", assuming an average issue price of $ 2. Calculate "B" 3. Calculate "C", assuming a beginning of year Retained Earnings credit balance of $ F $40,000 during 2019; and dividends of $G paid in 2019, 4. Calculate "D" I ; a net loss of 1. The following information and transactions took place during 2018: January 2: Lebeok Inc. was formed by issuing A common shares at a price of $ B per share. January 4: preferred shares were issued for a total of SD Each share is entitled to a $ Eper year non-cumulative dividend. March 25: Declared a common share cash dividend of $20,000 to be made on April 30. (Hint: don't forget about the preferred shareholders.] April 30: Paid the cash dividends declared on March 25. October 9 Declared and issued a F/common share dividend. The value of the shares was $ G each at the time of declaration. (NOTE: no impact on preferred shareholders) Nov. 15: Repurchased (and retired) 100 common shares, paying $15.10 per share. Dec. 31: Closed Income Summary to Retained Earnings for the year's net H of $90,000 Instructions: a) Prepare the journal entries for the above items. (17 marks) b) Based on the above information, what is the total value of shareholders' equity on December 31? (4 marks) Question 1 Block A 1400 B D H B 14.50 C 500 E 30 F 6% G 17.50 110,000 profit