pls As soon as possible

Prepare Journal entry.

Carla Vista Ltd. began operations on January 2, 2024. During the year, the following transactions affected shareholders' equity: 1. Carla Vista's articles of incorporation authorize the issuance of 2.5 million common shares and the issuance of 260,000 preferred shares, the latter of which pay an annual dividend of $3.0 per share. 2. A total of 310,000 common shares were issued for $6 a share. 3. A total of 38,000 preferred shares were issued for $10 per share. 4. The full annual dividend on the preferred shares was declared. 5. The dividend on the preferred shares was paid. 6. A dividend of $0.12 per share was declared on the common shares but was not yet paid. 7. The company had net income of $176,000 for the year. (Assume sales of $509,000 and total operating expenses of $333,000.) 8. The dividends on the common shares were paid. 9. The closing entry for the Dividends Declared account was prepared