Please help me solve question $($b$)$

On January $1,2024,$ Sandhill Ltd$.$ had the following shareholders' equity accounts:

Common shares $(1,010,000$ issued $),$$$1,515,000$

Retained earnings $1,818,000$

The company was also authorized to issue an unlimited number of $$4$ noncumulative preferred shares. As at January $1,2024,$ none

had been issued. During $2024,$ the corporation had the following transactions and events related to its shareholders' equity:

Jan. $2$ Issued $101,000$ preferred shares for $$50$ per share.

Mar. $31$ Paid quarterly dividend to preferred shareholders.

June $30$ Paid quarterly dividend to preferred shareholders.

Aug. $12$ Issued $110,000$ common shares for $$1\mathrm{.}70$ per share.

Sept. $30$ Paid quarterly dividend to preferred shareholders.

Dec. $31$ Paid quarterly dividend to preferred shareholders and a $$0\mathrm{.}25$ per share dividend to the common shareholders.

Dec. $31$ Loss for the year was $$99,000.$

$($a$)$

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Journalize the transactions and the entries to close dividends and the Income Summary account. $($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 $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

gravious part. $($Post endries in the order of journal entries presented in the previous part.$)$

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