On January 1, 2024, Wildhorse Ltd. had the following shareholders' equity accounts: Common shares (1,100,000 issued) Retained earnings 1650000 1980000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024, none had been issued. During 2024, the corporation had the following transactions and events related to its shareholders' equity: Jan. 2 Mar 3. June 30 Aug. 12 Sept. 30 Dec. 31 Dec 31 Issued 110,000 preferred shares for $50 per share. Paid quarterly dividend to preferred shareholders. Paid quarterly dividend to preferred shareholders. Issued 106,000 common shares for $1.70 per share. Paid quarterly dividend to preferred shareholders. Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common Loss for the year was $103,500. Journalized the transactions and the entries to close dividends and the Income Summary account. Date Accounts Tittle (To record dividends paid) (To close Income Summary) (To close dividends) Debit Credit