B\&O begins operations on January 1, 2022. On January 1, 2022, B\&O issues 90,000 shares of $1 par value common stock for $120,000. Prepare the journal entry to record the issuance of common stock. Dr: CR: CR: On January 1,2022 B\&O issues 1,000 shares of $100 par value 2% cumulative Class A preferred stock for $150,000. Prepare the journal entry to record the issuance of Class A preferred stock. DR: CR: CR: On January 1,2022,B&O issues 100 shares of $10 par value 5% noncumulative Class B preferred stock for $1,100. Prepare the journal entry to record the issuance for Class B preferred stock. DR: CR: CR: On January 1,2022,B&O issues 100 shares of $10 par value 5% noncumulative Class B preferred stock for $1,100. Prepare the journal entry to record the issuance for Class B preferred stock. DR: CR: CR: B\&O does not declare a dividend in 2022. B&O reports Net Income of $10,000 in 2022. B&O reports Net Income of $80,000 in 2023. On December 1, 2023, B\$O declares a $8,000 dividend. How much of the dividend will be paid to Class A cumulative preferred stock shareholders for 2023? How much of the dividend will be paid to Class B preferred stock shareholders? How much of the dividend will be paid to Common shareholders? Prepare the journal entry as of the Date of Declaration. DR: CR: Dividends Payable Prepare the Statement of Shareholders' Equity as of December 31, 2023 How much of the dividend will be paid to Common shareholders? Prepare the journal entry as of the Date of Declaration. DR: CR: Dividends Payable Prepare the Statement of Shareholders' Equity as of December 31, 2023