Requirement: Please help with the second and third tables.

The following is the shareholders' equity section of Monty Corp. at December 31, 2020: $ 960,000 1,300,000 102,000 Preferred shares, authorized 130,000 shares; issued 32,000 shares Common shares (unlimited authorized, 52,000 issued) Contributed surplus Total paid-in capital Retained earnings Total shareholders' equity 2,362,000 2,169,600 $ 4,531,600 The preferred shares have a $2 dividend rate, are cumulative, and participate in distributions in excess of a $3 dividend on the common shares. No dividends were paid in 2018 or 2019. On December 31, 2020, Monty wants to pay a cash dividend of $5 per share to common shareholders. How much cash would be needed for the total amount to be paid to preferred and common shareholders? (Round excess return percentage to 4 decimal places, e.g. 52.7531% and final answer to decimal places, e.g. 5,275.) Preferred Common Total Amount to be paid to shareholders $ 224000 $ 135200 $ 359 The company decides instead to acquire and cancel 11,000 common shares at the current fair value of $45 per share. Prepare the entry to record the retirement, assuming the contributed surplus balance arose from previous cancellations of common shares. (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.) Account Titles and Explanation Debit Credit par