please answer all the parts.

Shareholders' Equity 1. HEMI has been very successful in its second year of operations, and its Board of Directors has authorized the repurchase of its common shares at fair market value. On January 5, 2023, HEMI bought back 10,000 common shares at a market price of $100/ share (shares were initially issued at $80/ share); provide a journal entry to record the repurchase of the shares (3 marks). 2. HEMI plans to issue 250,000 preferred shares with a stated dividend rate of $5 per share. HEMI's Board of Directors plans to declare total dividends of \$1M in 2024 and \$2M in the 2025 fiscal year based on projected cash flow. HEMI's Accountant has asked you to complete the following two tables indicating how the total dividends declared will be divided between preferred shareholders and common shareholders comparing non-cumulative preferred shares against cumulative preferred shares. (4 marks). 3. Provide journal entries (or explain why a journal entry is not required) for the following preferred share events: a. Issuance of 250,000 preferred shares at the market price of $90/ share ( 2 marks). b. After issuing preferred shares, an original owner of 100 preferred shares sells them at the fair market value of $105 each to a friend ( 2 marks)