On January 1, 2022, Koro Company issued 1,000 shares of 6%, $100 par value preferred stock for $130,000. The board of directors declared dividends on December 30, 2022. Koro paid the dividends on January 30, 2023. What journal entries are necessary to record these transactions? Prepare all the necessary journal entries to record the transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare the journal entry to record the issuance of the preferred stock. Account January 1, 2022