?-M 1M724 001501.jpg a) Record the above transactions for 2018, including any required entries to close dividends declared and net income (b) Open T accounts and post to the shareholders' equity accounts c) Prepare the shareholders' equity section of the statement of financial position at December 31 P11-3A Largent Corporation, a publicly traded company, is authorized to issue 200,000 $4 cumulative preferred shares Record and post equity and an unlimited number of common shares. On January 1,2018, the general ledger contained the following shareholders' transactions, prepare equity accounts statements LO 2,3,4) Preferred shares (8,000 shares issued) Common shares (70,000 shares issued) Contributed surplus Retained earnings Accumulated other comprehensive income S 440,000 1,050,000 25,000 800,000 10,000 The following equity transactions occurred in 2018 Issued 10,000 preferred shares for $600,000. Reacquired and retired 3,000 common shares at $17 per share. July 1 was valued at $165,000 and the common shares at $150,000. to the preferred shareholders. Feb. 6 Apr. 6 Issued 20,000 common shares for $570,000. May 29 Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable Aug 22 Issued 9,000 common shares in exchange for a building. At the time of the exchange, the building Dec. 14 The board of directors decided there were insufficient funds to declare the semi-annual dividend 27 31 Net income for the year was $582,000. (a) Record the above transactions, including any entries required to close dividends and net income (b) Open T accounts and post to the shareholders' equity accounts (c) Prepare the statement of changes in equity for the year (d) Prepare the shareholders' equity section of the statement of financial position at December 31, including any required note disclosure O lype hene to search 01a-07-4