On January 1, 2023, Carla Vista Ltd. (a public company) had the following shareholders' equity accounts: The following selected transactions occurred during 2023 : Jan. 2 Issued 120,000 preferred shares at $100 per share. Mar. 5 Declared the quarterly cash dividend to preferred shareholders of record on March 20, payable April 1. Apr. 18 Issued 140,000 common shares at $9 per share. June 5 Declared the quarterly cash dividend to preferred shareholders of record on June 20, payable July 1. Sept. 5 Declared the quarterly cash dividend to preferred shareholders of record on September 20 , payable October 1. Dec. 5 Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Dec. 31 Net income for the year was $350,000. (a) Prepare journal entries to record the transactions above, as well as the closing entries for Income Summary and Dividends. (List all debit entries before credit entries. 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.) (To close income summary account) (To close dividends account)