11) On January 1, 2018 Delta Corporation had 100,000 preference shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred. Instruction: Prepare the journal entries for following transactions: April 1 issued 25,000 additional preference shares for $17 per share June 15 declared cash dividend $3 per share July 10 paid the cash dividend that declared on June 15 October 1 purchased 2,500 treasury shares for cash at $10per share December 1 sold 1,000 treasury shares for cash $12per share