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Sandhill Corp. reported the following amounts in the shareholders' equity section of its December $31,2023,$ balance sheet:

Preferred shares, $$9$ dividend $(9,500$ shares authorized, $1,900$ shares issued$)$

The contributed surplus arose from net excess of average cost per share over reacquisition cost on a previous repurchase and

cancellation of common shares.

During $2024,$ the company had the following transactions that affect shareholders' equity.

Prepare the journal entries for the following 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 $0$ for the amounts. List all debit entries before credit

entries.$)$

a$.$ Paid the annual $2023$$$9$ per share dividend on preferred shares and a $$3$ per share dividend on common shares. These

dividends had been declared on December $31,2023.$

b$.$ Purchased $4,000$ shares of its own outstanding common shares for $$36$ per share and cancelled them.

c$.$ Issued $900$ preferred shares at $$108$ per share $($at the beginning of the year$).$

d$.$ Declared a $10\%$ stock dividend on the outstanding common shares at their fair value when the shares were selling for $$46$ per

share.

e$.$ Issued the stock dividend.

f$.$

Declared the annual $2024$$$9$ per share dividend on preferred shares and a $$2$ per share dividend on common shares. These

dividends are payable in $2025.$Question $21$ of vdots$-=$ View Policies Current Attempt in Progress Sandhill Services, Inc. issued $390,000,9$