Pls explain all calculation, tx

This is the all question no state rate

Could you solve below the question , ?

BE13.4 (LO 2) AP StarLight Ltd. is authorized to issue 10,000, $4 noncumulative preferred shares. On January 13, it issued 3,000 preferred shares for $90 cash per share. (a) Prepare the journal entry to record the transaction. (b) Determine the total amount of dividends that must be paid to the preferred shareholders prior to paying a dividend to common shareholders.

Record issue of preferred shares.

Flounder Ltd. is authorized to issue 10,000, $6 noncumulative preferred shares. On January 13, it issued 2,600 preferred shares for $85 cash per share. - Your answer is partially correct. Prepare the journal entry to record the transaction. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 13 Cash 281000 Preferred Shares 281000 (To record issuance of shares.) e Textbook and Media List of Accounts Assistance Used * Your answer is incorrect. Determine the total amount of dividends that must be paid to the preferred shareholders prior to paying a dividend to common shareholders. Total amount of dividends $ 221000