help!

Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and Santana plans to expand her business. She believes that an additional $112,000 is needed and is investigating three funding sources. a. Santana's sister Cicely is willing to invest $112,000 in the business as a common shareholder. Since Santana currently has about $168,000 invested in the business, Cicely's investment will mean that Santana will maintain about 60% ownership and Cicely will have 40% ownership of Business Solutions. b. Santana's uncle Marcello is willing to invest $112.000 in the business as a preferred shareholder. Marcello would purchase 1120 shares of $100 par value, 8% preferred stock. c. Santana's banker is willing to lend her $112,000 on a 8%, 11-year note payable. She would make monthly payments of S1,279 per month for 11 years Required: 1. Prepare the journal entry to reflect the initial $112,000 investment under each of the options (a), (b), and (c). Required: 1. Prepare the journal entry to reflect the initial $112,000 investment under each of the options (a), (b), and (c). View transaction list eBook Journal entry worksheet 2 3 1 Print Record the issue of common stock of $112,000 cash. Merences Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general Journal Required: 1. Prepare the journal entry to reflect the initial $112.000 investment under each of the options (a), (b), and (c). View transaction list Book Journal entry worksheet 1 2 3 Tint Record the issue of preferred stock of $112,000 cash. onces Note: Enter debits before credits Transaction General Journal Debit Credit b Record entry Clear entry View general Journal Required: 1. Prepare the journal entry to reflect the initial $112,000 investment under each of the options (a), (b), and (c). View transaction list K Journal entry worksheet