Please help with the October 1 and November 1 Journal Entries.

The shareholders' equity section of Lincoln's balance sheet included the following accounts and amounts at December 31, 2022: During 2023, Lincoln engaged in the following transactions: March 1 The Board of Directors declared a cash dividend of $1.00 per share on its outstanding common stock, payable on April 1 to shareholders of record on March 15. April 1 Paid the cash dividend that was declared on March 1. April 15 The Board of Directors declared a property dividend of 200,000 shares of Mitchell Common Stock that Lincoln had purchased as an investment in January for $2,200,000. The investment had a fair value of $10 per share on April 15 and $12 per share on May 8 . The property dividend was distributable on May 8 to shareholders of record on April 15. May 8 The property dividend declared on April 15 was distributed. June 12 The Board of Directors declared and distributed a 50% stock dividend on the common stock. The market value of the $1 par common stock was $20 per share. October 1 The Board of Directors declared the 10% cash dividend on the preferred shares, payable on November 1 to shareholders of record on October 15. November 1 The preferred dividend declared on October 1 was issued. December 1 Sold all of the common treasury stock for $8 per share. December 31 Net income for the year ended December 31,2024 , was $8,000,000. INSTRUCTIONS: Prepare all required journal entries in 2023 from the foregoing information. Show all computations