Earth Star Diamonds Inc. began a potentially lucrative mining operation on October 1, 2023. It is authorized to issue 100,000 shares of \$0.60 cumulative preferred shares and 500,000 common shares. The company uses the cash dividends account to keep track of all dividends declared. Port A Required: Prepare journal entries for each of the transactions listed. oct. 1 Issued for cash, 1,000 shares of the preferred shares at \$4,40 each. 10. Issued for cash, 46,000 shares of the common shares at $3.20 per share. 15 Earth star purchased land for $182, 000 , paying cash of $64,600 and borrowing the bolance from the bank (to be repaid in two years). 2013,000 preferred shares were issued today for total cash proceeds of $72,800. 24 in addition to the declaration of the annual dividend on the preferred shares, dividends of 526,140 were declared on the common shares today, payable Novenber 15, 2023. 31 Revenues of 5060 , 000 were earned during the month; all cash. Expenses, all cash, totalling \$280, 000 were incurred in october. Close the Income Sumsery and dividend Required: Based on the transactions in Part A, prepare the balance sheet as at October 31, 2023