On January 1, 2021, Ivanhoe Ltd. had the following shareholders' equity accounts: Common shares (1.000.000 issued) $1,200.000 Retained earnings 1,580.000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2021, none had been issued. During 2021, the corporation had the following transactions and events related to its shareholders' equity: Jan. 2 Issued 73.000 preferred shares for $55 per share. Apr. 1 Paid quarterly dividend to preferred shareholders. July 1 Paid quarterly dividend to preferred shareholders. Aug 12 Issued 73.000 common shares for $1.30 per share. Oct. 1 Paid quarterly dividend to preferred shareholders. Dec. 31 Paid quarterly dividend to preferred shareholders and a $0.30 per share dividend to the common shareholders. Dec 31 Loss for the year was $73.000. Journalize the transactions and the entries to close dividends and the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Torecord issuance of shares.) 23C Mostly sunny - 40 (To record issuance of shares.) Dec. 31 (To record dividends paid) (To close Income Summary.) (To close Income Summary.) (To close dividends.) Question 3 of 4 - / 40 MIL Open general ledger accounts for the shareholders' equity accounts, enter the beginning balances, and post entries from the previous part. (Post entries in the order of Journal entry presented in the previous part.) Preferred Shares Date Explanation Ref. Debit Credit Balance Jan. 2. J1 Common Shares Date Explanation Ref. Debit Credit Balance Jan. 1 Balance Aug. 12 Cash Dividends-Preferred Date Explanation Ref. Debit Credit Balance Apr. 1 J1 Cash Dividends Preferred Date Explanation Ref. Debit Credit Balance Apr. 1 11 July 1 11 Oct. 1 J1 Dec. 31 J1 Dec. 31 Closing entry Cash Dividends-Common Credit Balance Debit Date Explanation Ref. J1 Dec. 31 -/ 40 Cash Dividends-Common Date Explanation Ref. Debit Credit Balance Dec. 31 Dec. 31 Closing entry J1 Retained Earnings Date Explanation Ref. Debit Credit Balance Jan. 1 Balance Dec. 31 Closing entry 11 Dec. 31 Closing entry J1 IVANHOE LTD. Balance Sheet (Partial) GA $ Part 3 Prepare the shareholders' equity section of the balance sheet at December 31, 2021, including any required disclosures. Assume Ivanhoe is reporting under ASPE. (Enter account name only and do not provide descriptive information.) IVANHOE LTD. Balance Sheet (Partial) UA 23C Most