Please fill in the blanks

thanks

Furniture 2Go Corporation, a publicly traded company, is authorized to issue 500,000$3 cumulative preferred shares and an unlimited number of common shares. On January 1, 2024, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred in 2024: Jan. 4 Issued 30,000 common shares for $300,000. Apr. 15 Issued 12,000 preferred shares for $960,000. 29 Repurchased and retired 10,000 common shares at $7.5 per share. The balance in the Contributed Surplus account. arose from the repurchase of common shares in prior years. May 17 Declared a semi-annual cash dividend to the preferred shareholders of record at June 14, payable July 5. Aug. 13 Issued 25,000 common shares for $175,000. Dec. 16 The board of directors decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders. 31 Net income for the year was $972,000. Record the above transactions, including any entries required to close dividends declared and net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Round average cost per share to 2 decimal places, es. 2.25 and final answers to 0 decimal places. Date Account Titles and Explanation Debit Credit Dec. 31 Income Summary 175000 Retained Earnings 175000 (To close net income/(loss)) Dec. 31 Retained Earnings Dividends Declared (To close dividends.)