Mainland Resources Inc. began operations on June 5, 2023. 2023 June 5 Gaye 4,000 common shares to the organizers of the corporation in exchange for accounting and legal services valued at $84,900. 15 Received $23 cash per share for the issuance of 79,000 connon shares. 16 Issued 10 , eee preferred shares for cash of $43 per share. 17.8,000 common shares were issued to a croditor who was owed $134,000. 18 The board of directors declared a cash dividend of $19,900 on the preferred shares and $5, 400 on the conmon shares to shareholders of record on zune 20 , payable July 1 . shares were actively trading on this date at 317,00 per share. July 1 The dividends declared on June 18 were paid. Required: Journalize the above equity transactions that occurred during the first month of operations. Cash dividend account is used for declaring dividends. Required: Journalize the above equity transactions that occurred during the first month of operations. Cash dividend account is used for declaring dividends