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: 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. 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