1. Preferred shares cash dividends have been declared and paid. Common share dividends have been declared, but not paid. HEMI is authorized to issue 50,000,000. HEMI issued 12,000,000 common shares on January 2, 2019 (i.e., these were the outstanding shares). HEMIs common shares are valued at $21 per share. The Accountant wants you to use (or disregard completely) any relevant information in preparing the trial balance. Should there be an adjustment that needs to be done in the trial balance? If yes, kindly provide the journal entry and computation.