Current Attempt in Progress On January 1, 2024, Toy Co Ltd, a private company, had the following shareholders equity accounts Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 3.19 million issued Retained earnings The following selected transactions occurred during 2024: Jan. 5 Issued 220,000 preferred shares at $25 per share. $3,190,000 4,120,000 Feb. 11 Mar 9 Apr. 28 28 June 15 Sept 5 Oct 13 Issued 100,000 common shares in exchange for a building. On this date, the fair value of the building was $213,000. The common shares have not recently traded, but the last time they traded, they sold for $2.50 per share. Declared the quarterly cash dividend to preferred shareholders of record on March 25, payable April 15. Issued 382,000 common shares at $3 per share. Declared the quarterly cash dividend to preferred shareholders of record on June 30, payable July 15. Declared the quarterly cash dividend to preferred shareholders of record on September 15, payable October 11 Issued 43,000 preferred shares at $25 per share. Dec 6 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 10. (a) 18 Declared a cash dividend of $0.50 per share to the common shareholders of record on December 31, payable January 10 31 Net income for the year was $104 million. Record the transactions for 2024, including any entries required to close dividends declared and net income (List all debit encries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts)