please help

Sandhill Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash $24,990 Accounts Receivable 49,980 Inventory 22,246 Land 63,700 Buildings 93,100 Equipment 39,200 Allowance for Doubtful Accounts $441 Accumulated Depreciation-Buildings 29,400 Accumulated Depreciation-Equipment 14,112 Accounts Payable 18,914 Interest Payable -0- Dividends Payable -0- Unearned Rent Revenue 7,840 Bonds Payable (10%) 49,000 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred Stock -0- Common Stock ($10 par) 29,400 Paid-in Capital in Excess of Par-Common Stock 5,880 Retained Earnings 73,549Rent Revenue -0- Bad Debt Expense -0- Interest Expense -0- Cost of Goods Sold 392,000 Depreciation Expense -0- Other Operating Expenses 38,220 Salaries and Wages Expense 63,700 Total $787,136 $787,136 Unrecorded transactions and adjustments: 1. On January 1, 2022, Sandhill issued 980 shares of $20 par, 6% preferred stock for $21,560. 2. On January 1, 2022, Sandhill also issued 980 shares of common stock for $22,540. 3. Sandhill reacquired 294 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Sandhill declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Sandhill estimates that uncollectible accounts receivable at year-end are $4,998. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,900. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,920. 8 The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded.Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Cash 21560 Preferred Stock 19600 Paid-in Capital in Excess of Par-Preferred Stock 1960 Cash 22540 Common Stock 9800 Paid-in Capital in Excess of Par-Common Stock 12740 3. Treasury Stock 14406 Cash 14406 Cash Dividends 7056 Dividends Payable 7056 5. Bad Debt Expense 4557 Allowance for Doubtful Accounts 4557 Depreciation Expense 2940Accumulated Depreciation-Buildings 2940 7. Depreciation Expense 3528 Accumulated Depreciation-Equipment 3528 8. Unearned Rent Revenue 5880 Rent Revenue 5880 9. Interest Expense 4900 Interest Payable 4900Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). SANDHILL CORPORATION Adjusted Trial Balance December 31, 2022 v Debit Credit Cash 54684 Accounts Receivable 49980 Inventory 22246 Land 63700 Buildings 93100 Equipment 39200 Allowance for Doubtful Accounts 4998 Accumulated Depreciation-Buildings 32340 Accumulated Depreciation-Equipment 17640 Accounts Payable 18914 Interest Payable 4900 Dividends Payable 19845Unearned Rent Revenue 1960 Bonds Payable 49000 Preferred Stock 19600 Paid-in Capital in Excess of Par-Preferred Stock 1960 Common Stock 39200 Paid-in Capital in Excess of Par-Common Stock 18620 Retained Earnings 73549 Treasury Stock 14406 Cash Dividends 19845 Sales Revenue 558600 Rent Revenue 5880 Bad Debt Expense 4557 Interest Expense 4900 Cost of Goods Sold 392000 Depreciation Expense 6468Rent Revenue 5880 Bad Debt Expense 4557 Interest Expense 4900 Cost of Goods Sold 392000 Depreciation Expense 6468 Other Operating Expenses 38220 Salaries and Wages Expense 63700 867006 867006SANDHILL CORPORATION Income Statement For the Year Ended December 31, 2022 V Sales Revenue 558600 Operating Expenses V Bad Debt Expense v vPrepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earning first.) SANDHILL CORPORATION Retained Earnings Statement For the Year Ended December 31, 2022 V 73549 Add V V Less V Cash Dividends V $