what will be its solution of a,b,c,d part ??

On January 1. 2021. Tri Town Ltd. a private company, had the following shareholders' equity accounts: Preferred shares, $1.0 noncumulative, unlimited number authorized, none issued The following selectedtransactions occurred during 2021 Jan. 2 Issued 200,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the fair value of the land was $209,000. The common shares have not recently traded, but the last time they traded, they sold for $2.5 per share. Mar. 5 Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April2. Apr. 18 Issued 410,000 common shares at $3 per share. June 5 Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Sept. 5. Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1 Oct, 4 issued 43,000 preferred shares at $25 per share. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Sept. 5 Deciared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1 Oct. 4 Issued 43,000 preferred shares at $25 per share. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. 14 Declared a cash dividend of $0.5 per share to the common shareholders of record on December 31, payable January 10. 31 Net income for the year was $1.07 million. (a) Your answer is partially correct. Record the above transactions for 2021, including any entries required to close dividends and net income to Retained Earnings. (List all debit entries before credit entries. 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.) Transaction entries: Question 3 of 6 1.27/20 Date Account Titles and Jan2% Cash Preferrodshares Feb. 8: Land 209000 Fymmon shares Mar.5 : Dividends Deciared \begin{tabular}{|} \hline 52250 \\ \hline \end{tabular} Bividend Pavible Dividends Payable Cash \begin{tabular}{l} \hline 52250 \\ \hline \\ \hline 1230000 \\ \hline \end{tabular} Apri2 Cash Common Stares ru stv Question 3 of 6 1.27/20 i Apr, 18= Dividends Declared 52250 Dividends Payable June 5: Dividends Payable 52250 \begin{tabular}{|l|r|} \hline Cash & \\ \hline Dividends Declared & 52250 \\ \hline \end{tabular} 2250 Dividends Payable July 1 : Dividends Paysble 52250 5225C Sept 5: Cash 1075000 Preferred Shares 107500C sept20 Dividends Declared 63000 1.27/20 Question 3 of 6 Dividends Payable Oct1 Dividends Declared 1790000 Dividends Payable 1790000 Oct4: Dec. 5 * Dec. 14; Clnsino entries. Closing entries: Last saved 30 minutes ago. Attempts: 1 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question must be completed in order. This part will be available when you complete the part above. On January 1. 2021. Tri Town Ltd. a private company, had the following shareholders' equity accounts: Preferred shares, $1.0 noncumulative, unlimited number authorized, none issued The following selectedtransactions occurred during 2021 Jan. 2 Issued 200,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the fair value of the land was $209,000. The common shares have not recently traded, but the last time they traded, they sold for $2.5 per share. Mar. 5 Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April2. Apr. 18 Issued 410,000 common shares at $3 per share. June 5 Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Sept. 5. Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1 Oct, 4 issued 43,000 preferred shares at $25 per share. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Sept. 5 Deciared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1 Oct. 4 Issued 43,000 preferred shares at $25 per share. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. 14 Declared a cash dividend of $0.5 per share to the common shareholders of record on December 31, payable January 10. 31 Net income for the year was $1.07 million. (a) Your answer is partially correct. Record the above transactions for 2021, including any entries required to close dividends and net income to Retained Earnings. (List all debit entries before credit entries. 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.) Transaction entries: Question 3 of 6 1.27/20 Date Account Titles and Jan2% Cash Preferrodshares Feb. 8: Land 209000 Fymmon shares Mar.5 : Dividends Deciared \begin{tabular}{|} \hline 52250 \\ \hline \end{tabular} Bividend Pavible Dividends Payable Cash \begin{tabular}{l} \hline 52250 \\ \hline \\ \hline 1230000 \\ \hline \end{tabular} Apri2 Cash Common Stares ru stv Question 3 of 6 1.27/20 i Apr, 18= Dividends Declared 52250 Dividends Payable June 5: Dividends Payable 52250 \begin{tabular}{|l|r|} \hline Cash & \\ \hline Dividends Declared & 52250 \\ \hline \end{tabular} 2250 Dividends Payable July 1 : Dividends Paysble 52250 5225C Sept 5: Cash 1075000 Preferred Shares 107500C sept20 Dividends Declared 63000 1.27/20 Question 3 of 6 Dividends Payable Oct1 Dividends Declared 1790000 Dividends Payable 1790000 Oct4: Dec. 5 * Dec. 14; Clnsino entries. Closing entries: Last saved 30 minutes ago. Attempts: 1 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question must be completed in order. This part will be available when you complete the part above