help me please asap

Q4 Cell Wireless Company had the following transactions in 2016, its first year of operations. - Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $30.00 per share. - Issued 1000 shares of $10 par value preferred stock. Shares were issued at $90. - Earned net income of 250,000 \$ - Declared dividends of $50,000. Preferred dividend is the 6% of par value. Calculate preferred dividend and common dividend for 2016. Requirements: (20 points) a. Journalize the issuance of common stocks. b. Journalize the issuance of preferred stocks. c. Journalize the closing entry for net income d. Journalize the declaration of dividends. Show the distribution between preferred and common. e. Calculate the ending balance of Retained Earnings after closing entries