ainland Resources Inc. began operations on June $5,2023.2023$ June$5$ Gave $4,000$ common shares to the organizers of the corporation in exchange for accounting and legal services valued at $$84,100.15$ Received $$21$ cash per share for the issuance of $71,000$ common shares. $16$ Issued $10,000$ preferred shares for cash of $$35$ per share. $178,000$ common shares were issued to a creditor who was owed $$126,000.18$ The board of directors declared a cash dividend of $$19,100$ on the preferred shares and $$4,600$ on the common shares to shareholders of record on June $20,$ payable July $1.30146,000$ common shares were issued in exchange for machinery with a fair market value of $$2,390,000.$ The shares were actively trading on this date at $$15\mathrm{.}00$ per share. July$1$ The dividends declared on June $18$ were paid. Required:Journalize the above equity transactions that occurred during the first month of operations. Cash dividend account is used for declaring dividends.