K Cald The Dayton Hotel, Inc., included the accompanying shareholders' equity on its year-end balance sheet at December 31, 2024. View the statement of financial position information. Read the requirements. Statement of Financial Position Information Shareholders' Equity Contributed Capital: Preferred Shares, 6%, cumulative, $10 par, 95,000 shares authorized, 6,600 shares issued and outstanding $ 66,000 Common Shares, 1,000,000 shares authorized, 180,000 shares issued and outstanding $ 980,000 Total Contributed Capital $ 1,046,000 252,000 Retained Earnings Total Shareholders' Equity $ 1,298,000 g. Requirements 1. Identify the different issues of shares that the Dayton Hotel, Inc., has outstanding. 2. Give the two entries to record issuance of the Dayton Hotel, Inc.'s shares. Assume that all the shares were issued for cash. Explanations are not required. 3. Assume that preferred dividends are in arrears for 2022 and 2023. Record the declaration of a $51,000 cash dividend on December 30, 2024. Assume no change in the preferred shares account in 2024. Use separate Dividends Payable accounts for preferred and common shares. An explanation is not required.