this is the full qs

no explanation req

December 31, 2021: The company reported net income after taxes of $70,000 for the year and then closed the Income Summary account. January 7,2022 : The company sold 17,000 preferred shares at $26.00 per share. On January 1, 2021, Crawdad Corp 's balance sheet reported the following shareholders' equity: (Click the icon to view the shareholders' equity as of January 1, 2021.) (Click the icon to view the transactions in 2021, 2022, and 2023.) Required Requirement 1. Record the Irantactions in the general joumal. December 1,2021: The company declared dividends of $260,000, payable on January 15, 2022, to the shareholders of record on December 31 . Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Shareholders' equity Requirement 2. Prepare the liability and the shareholders' equity sections of the balance sheet as of the close of business on December 31,2022. \begin{tabular}{|l|l|} \hline & Crawdad Corp. \\ & Partial Balance Shoot \\ & Docember 31, 2022 \\ Current liabilities: & \\ \hline Liabilities \\ Total liabilities & Shareholders' Equity \\ \hline Contributed capital: & \\ \hline \end{tabular} January 15, 2023: Paid the dividend declared on December 2, 2022. (Round your answers to the nearest dollar.) Requirement 3. Calculate the book value per share of the preferred shares and of the common shares (Class A and Class B combined) on De (Round your answers to the nearest cent.) December 2, 2022: The company declared dividends of $130,000, payable on January 15, 2023, to the shareholdors of record on December 31,2022 . Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. (Do not round intermediary calculations. Only round the amoun you input in the cell to the nearest dollar.) Requirement 3. Calculate the book value per share of the preferred sharesand of the common shares (Class A and Class B combined) on December 31,2022 (Round your answers to the nearest cent.) The book value per share of preferred shares is $ The book value per share of common shares is $ Requirement 4. What was the average price at which the Class A common shares were issued? (Round your answer to the nearest cent.) The average price per share at which Class A common shares were issued is $ January 15, 2022. The company paid the dividend doclared on December 1, 2021. (Round your answers to the nearest dollar.) February 14,2022 : The company sold 21,000 Class B common shares at $13.00 per share