After establishing their companys fiscal year-end to be October 31, Natalie and Curtis begin operating Cookie & Coffee Creations Inc. on November 1, 2017. On that date, after the issuance of shares, the paid-in capital section of the companys balance sheet is as follows.

Paid-in capital
Preferred stock, $0.50 noncumulative, no par value,
10,000 shares authorized, 2,000 issued		$10,000
Common stock, no par value, 100,000 shares
authorized, 25,930 issued		25,930

Cookie & Coffee Creations then has the following selected transactions during its first year of operations.

Dec. 1		Issues an additional 800 preferred shares to Natalies brother for $4,000.
Apr. 30		Declares a semiannual dividend to the preferred stockholders of record on May 15, payable on June 1.
June 30		Repurchases 750 shares of common stock issued to the lawyer, for $500. Recall that these were originally issued for $750. The lawyer had decided to retire and wanted to liquidate all of her assets.
Oct. 31		The company has had a very successful first year of operations. It earned revenues of $462,500 and incurred operating expenses of $370,000 (including $750 legal fee, but excluding income tax).
31		Records income tax expense. (The company has a 20% income tax rate.)
31		Declares a semiannual dividend to the preferred stockholders of record on November 15, payable on December 1

1- Prepare the journal entries to record the above transactions.

2-Prepare the statement of retained earnings for the year.

3-Prepare the stockholders equity section of the balance sheet as of October 31, 2018.

4-Prepare closing entries