PLEASE GIVE PART B AND THE DETAIL CALCULATE PROCESS, THANK YOU

Santiago Corp., a publicly traded company, had 2,300 preferred shares issued with a balance of $50,600 and 144,000 common shares issued with a balance of $720,000 at the beginning of the year. The following share transactions occurred during the year: June Issued 46,900 common shares for $6 per share. 12 July Issued 1,000 preferred shares for $26 per share. 11 Oct. 1 Issued 9,100 common shares in exchange for land. The common shares were trading for $7 per share on that date. The fair value of the land was estimated to be $69,000. Nov. Issued 22,500 preferred shares for $28 per share. 15 Date Account Titles and Explanation Debit Credit 281400 Common Shares 281400 Cash 26000 Preferred Shares 26000 Land 69000 Common Shares 69000 Cash 630000 Preferred Shares 630000 (b) Calculate the number of shares and balance in the account for each of the preferred and common shares at the end of the year. Number of shares Balance in accounts (1) Preferred shares (2) Common shares List of Accounts