Question: Just need help with how to find the contributed surplus and RE Sarasota Ltd, was incorporated on January 1, 2024. During the year the company

Just need help with how to find the contributed surplus and RE  Just need help with how to find the contributed surplus and
RE Sarasota Ltd, was incorporated on January 1, 2024. During the year

Sarasota Ltd, was incorporated on January 1, 2024. During the year the company entered into the following transactions: Jan. 5 issued 58,000 common shares for $2.50 per share. Jan. 20 Issued 3,000 common shares to settle legat expenses. The value of the legal expenses was $9,940. Feb. 10 Issued 15,000 preferred shares for $35,00 per share. Aug. 12 Repurchased 17,400 common shares for $2.40 per share. Oct. 1 Issued 4,100 common shares for $2.25 per share. Dec. 15 Repurchased 21,000 common shares for $2.72 per share. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round per share calcufations to 2 decimat places, e.g. 5.75 and final answers to 0 decimal places, e.g. 5.275.)

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