On February 1, 2024, Nutty's Oil, Inc issues 1,000 shares of $10 par value 6% cumulative preferred stock for $13,000 cash. Prepare Nutty's journal entry to record the issuance of Preferred Stock. DR: CR: CR: Nutty's Oil, Inc reports $60,000 of Net Income during 2024 and declares and pays a cash dividend of $10,000. Using the data from questions 1&2, prepare Nutty's Statement of Shareholders' Equity as of December 31, 2024. NOTE: be sure to differentiate between APIC-Common and APIC Preferred