Blue Lakes Ltd$.($BLL$)$ has the following authorized share capital:

Unlimited Common voting shares

$522\mathrm{.}000$ Class A$,$ $$5$ cumulative preferred shares

$522\mathrm{.}000$ Class B$.$ $$10$ noncumulative preferred shares

During $2024,$ its first year, BLL had the following share transactions for cash:

Jan. $1$ Issued $52\mathrm{.}200$ common shares for $$104,400.$

Mar. $12$ Issued $1,000$ Class A preferred shares for $$60,000.$

Apr. $30$ Issued $42,000$ common shares for $$2\mathrm{.}50$ per share.

June $20$ Issued $3,000$ Class B preferred shares for $$70$ per share.

BLL did not declare any dividends during $2024.$ On December $31,2025,$ a dividend of $$3$ per share was declared on preferred shares issued.

Journalize the share transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Jan. $1$

Account Titles

Debit

Credit

Mar. $12$

Apr. $30$

June $20$

Calculate the number of common shares issued at December $31,2024.$

Common shares issued

Calculate the amount of the December $31,2025,$ total dividend declared and the amount of dividends in arrears after declaring the dividend.

Total dividends $

Dividends in arrears on Class A $

Dividends in arrears on Class B$

account titles

cash

class a preferred shares

class b preferred shares

common dividends payable

common shares

preferred dividends payable