Make necessary entries for all the transactions in question 1 below and make all necessary entries for all the transactions in question 2 including necessary entries related to the bonds up to December 31, 2019. 1. Omari and Alexandre started a partnership business and made the following contributions into the 0 and A Partnership Business: Omari contributed $300,000 cash and Alexandre contributed a building that has a book value of $125,000 and a fair market value of $150,000 plus cash of $210,000. 2. Tim Clancy and five of his friends obtained a charter for the establishment of a Textile firm. The company's shares were publicly traded. The company performed the following transactions on January 1, 2019. The charter established a par value of $2 for the shares and sold 500,000 shares at $6 per share Another investor contributed a building that had a book value of $450,000. The building was appraised for $550,000 but the contributor believed the trade-in value of the building should I $700,000. The investor contributed the building in exchange for 300,000 shares that were publicly traded at $3 per share. The company sold 200,000 8% Non-cumulative Preferred Stocks, $5 par, at a price of $8 per share. In order to raise more funds, the company sold $300,000, 6% bonds at a yield of 4%. Interests are paid on January 1 and July 1 of each year. April 1, 2019 The company reacquired 10,000 of its own common stocks at $6 per share. April 25, 2019 The company resold 3,000 of the reacquired stocks at $8 per share. May 5, 2019 The company resold an additional 1,000 of the reacquired stocks at $5 per share. Dec 31, 2019 The company declared dividends of $1 per common shares outstanding and dividend was also declared on preferred stocks outstanding. Dec. 31, 2019 The company issued 60,000 common shares of $10 par value and a fair market value of $14 in exchange for a Factory Building that has an appraisal value of $200,000 and Machinery that has an appraisal value of $400,000. equired: Reminder for question 2 -Make necessary entries for all the transactions above including ecessary entries related to the bonds up to December 31, 2019