During the year 2023 , the company had the following transactions affecting equity accounts: Jan. 3 Sold 11, e90 common shares for a total of $18,920 cash. Mar. 1 sold 5,600 preferred shares at $3.90 each; cash. June 15 Exchanged 7,600 common shares for equipment with a fair market value of $21,500. The last common share trade was dated March 15 at $4.79. Dec. 31 closed the Income Sumary account, which showed a credit balance of $271,609. The board of directors had not deciared dividends for the past two years (2022 and 2023) Required: 1. Journalize the above transactions Journal entry worksheet Record the Issues of common shares for cash. Note: Enter debits before credits. 2. Prepare the equity section as at December 31, 2023. (Enter all amounts as positive values.) 3. How many preferred shares are available for issue at December 31,2023 ? 4. How many common shares are available for issue at December 31,2023