Oriole Observation Inc. on May 1, 2024, and was authorized to issue 500,000 common shares and 100,000 5\%, non-participating, convertible preferred shares. During the remainder of 2024 , the company entered into the following transactions: 1. Issued 33,000 common shares in exchange for $693,000. 2. Issued 5,000 preferred shares in exchange for $75,000. 3. Repurchased 4,000 common shares for $22.00 per share in the open market. The company entered into no other transactions that affected shareholders' equity during 2024. Provide the journal entries for each of the transactions. (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 0 for the amounts. List all debit entries before credit entries.) (b) Oriole Observation Inc. generated $760,000 in net income in 2024 and did not declare any dividends that year. Prepare the shareholders' equity section of the statement of financial position as at December 31, 2024