part B

\begin{tabular}{|c|c|c|c|} \hline Date & Account Titles & Debit & Credit \\ \hline \multicolumn{4}{|l|}{ Feb. 28} \\ \hline Feb. 28 & Cash & 225,500 & \\ \hline & & & \\ \hline Apr: 12 * & Cash & & \\ \hline & & & \\ \hline & & & 2,624,000 \\ \hline \multirow{3}{*}{ Mar 25: } & Land & & \\ \hline & & & \\ \hline & Cornmon Shares & & 61.500 \\ \hline \multicolumn{4}{|l|}{2024} \\ \hline \multirow[t]{2}{*}{tan1;} & Cash Dividends-Pretered & 30,750 & \\ \hline & Cash & & 30,750 \\ \hline Jan.31 : & Retained Earnings & 41000 & \\ \hline \end{tabular} Commen Shares 2024 Jan. 1 Cash Dividends-Preferred Cash 61,500 san31: Retained Earnings Income Summary (To close Income Summary) (To close dividends) Question 3 of 5 Apr. 12 J1 0.31/1 May 25 31 Cash Dividends-Preferred \begin{tabular}{|c|c|c|c|} \hline Date & Explanation & Ref. & Debit \\ \hline Jan. 1 & & 31 & \\ \hline \end{tabular} Jan. 31 Closing entry 31 Retained Earnings Date Explanation Ref. Credit Balance Feb. 1 Balance Jan. 31 Closing Entry 31 Jan. 31 Closing Entry 31 Preferred Shares DateExplanationRef.DebitFeb.1BalanceCredit Feb. 28 31 \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common Shares } & \multicolumn{2}{|l|}{8} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline Feb. 1 & Balance & & & & \\ \hline Apr. 12 & & 31 & & & \\ \hline May 25 & & 31 & & & \\ \hline \multicolumn{6}{|c|}{ Cash Dividends-Preferred } \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline \end{tabular} Bramble Corporation is authorized to issue an unlimited number of $5 cumulative preferred shares and an unlimited number of common shares. On February 1,2023, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred during the year ended January 31, 2024: Feb. 28 Issued 4,100 preferred shares for $225,500. Apr. 12 Issued 164,000 common shares for $2,624 million. May 25 Issued 4,100 common shares in exchange for land. At the time of the exchange, the land was valued at $61,500. Jan. 1 Paid dividend of $2.50 per share to preferred shareholders. Jan. 31 A loss of $41,000 was incurred for the year