Accounting for Corporations Complete all the necessary accounting for a Corporation based on the information below: Ardmark Corporation is a private corporation that was incorporated on January 1, 2019. it is authorized to issue an unlimited number of $10 stated value preferred shares ( $2 dividend) that are cumulative, as well 1,000 common shares of no par value. The following share transactions were completed during the first year: - Jan. 1 issued 100 common ahares for cash at $40 per thate. - Mar. 21 issued 10,000 preferred shares for land. The land was finted for sale at $110,000, but was valued by a licensed appraiser at $100,000. - Apr. 17 th issued 200 common shares to pay a consultant's bill of $8,090. - July 23 rd issued 5,000 preferred shares for cash at $12 per share. - Sept. 1st issued 20 common shares to a law frm for payment of their bill of $800 to file the compan's incorporation documents. - Sept. 1st issued 40 common shares for $2,000 cash. - Dec, 18th istued 6,000 preferred shares for cath at $11 each. - Dec. 20th declared a $45,000 dividend. - Dec. 31 st a cash payment is made to shareholders for their dividend. Instructions a) Journalize the transactions. b) Calculate the year-end balance in each of the share capital accounts. c) Prepare a Shareholder's Equity section if the balance in Retained Earning is $500,000. Success Criteria - In a non cash transaction, the fair market value of what is given up should be used. if that is not clearly identifiable, then the fair market value of what is recekved should be used. Part A - Journal Entries Part C: Statement of Shareholder's Equity