Please show all work and detailed calculations. Thank you!

50 Points: 25 Minutes research industry Don-Dar-Parker, Inc. The following information is for Don-Dar-Parker, Inc, a corporation that is in the chemical below on December 31, 2021: The stockholder's equity section of Don-Dar-Parker, Inc. was as indicated Don-Dar-Parker, Inc. Balance Sheet - Partial December 31, 2021 Stockholders' Equity: Preferred Stock, 5%, $30 par, 2,000,000 Authorized APIC, Preferred Common Stock, $1.00 Par, 3,000,000 Authorized APIC, Common Total Pald-in Capital RETAINED EARNINGS Total Liabilities and Stockholders' Equity $ 900,000 9,900,000 500,000 7.400.000 18,700,000 52.500.000 $71,200,000 The transactions below occurred during 2022; Jan. 1 Acquired manufacturing equipment by issuing 700 shares of preferred stock valued at $75 per share Mar. 16 Issued 6,100 shares of common stock for $19.00 cash per share. May 5 Issued 1,300 shares of preferred stock for $77cash per share. June 2 Acquired Land by giving the seller 35,000 shares of common stock with a total $700,000 market value. Sept.10 The company decided to buy back 3,500 shares of common stock for $26 per share. Nov. 30 The company declared an annual cash dividend on outstanding preferred shares and a S. 10 per share dividend on common stock. The date of record is December 31, 2022, and the day of payment is January 15, 2023. (HINT: You must determine the number of outstanding share! Dec. The company re-issued 1,400 treasury shares for $30 a share. Dec. 31 Net Income for 2022 is $1,400,000. [Read Instructions on the Page 5] 4 %8 INSTRUCTIONS: Based on the information provided for Don-Dar-Parker, Inc., address the following questions on the blank sheets provided, unless otherwise instructed 1. On December 31, 2021, complete the following table: X Issued Shares Outstanding Shares 3 cojo (1) common stock (2) preferred stock 2, coco 2. What are the (1) stated dividend rate and the (2) stated annual dividend for the preferred X stock? (2) 3. Prepare general journal entries to record each of the transactions. journal apvided. 1/32 4. On December 31, 2022, complete the following table: Issued Shares Outstanding Shares (1) common stock (2) preferred stock 5. BONUS: Construct a T-account and determine the balance in Retained earnings on X December 31, 2022? (5 Points) 20 2009. Betance Earnings 152500,000 5