Prepare the shareholders' equity section of the company's SFP as at June 30, 2023, as it should appear in its annual report to the shareholders. (Enter negative amounts using either a negotive sign preceding the number eg -45 or porentheses es: (45). Round average price per share to 2 decimal places, es 1252 and the final answers to 0 decimal places, es. 5,125.) Prepare the joumal entries for the 2022-2023 fiscal year. (Uist all debit entries before credit entries. Credit occount titles are outomatically indented when the arnount is entered. Do not indent manually. If no entry is requilred, select "No Entry" for the account bitles and enter ofor the amounts. Record entries in the order displayed in the problem stotement]) Oregano Inc was formed on July 1, 2020. It was authorized to issue an unlimited number of common shares and 100,000 cumulative and non-participating preferred shares carrying a $2.00 dividend. The company has a July 1 to June 30 fiscal year. The following information relates to the companys shareholders' equity account. Common Shares Before the 2022-2023 fiscal year, the company had 110,000 outstanding common shares issued as follows: 1. 95,000 shares issued for cash on July 1,2020 , at $31 per share. 2. 5,000 shares exchanged on July 24,2020 , for a plot of land that cost the seller $70,000 in 2010 and had an estimated fair value of $220,000 on July 24,2020 3. 10,000 shares issued on March 1, 2021 the shares had been subscribed for $42 per share on October 31,2020. Oct, 1, 2022 Subscriptions were received for 10,000 shares at $46 per share, Cash of $92,000 was received in full payment for 2.000 shares and shane ceruficotes were issued. The remaining subscription for 8,000 shares was to be paid in full by September 30,2023 , and the certificates would then be issued on that date. Nov 30, 2022 The company purchased 2000 of ts own commorishares on the open market at $39 per share. These shares were restored to the status of aothorized but un ssued shares. Dec 15,2022 The compary declared a 5% stock dividend at the fair value of the shares for shareholders of record on January 15.2023 , to be issued on January 31,2023 The comparys common shares were selling at \$52 per share on Decemiber 15,2022 June 20,2023 The company sold 500 of its own commonstares for $21000 The company issued 50,000 preferred shares at $44 per share on July 1,2020 . Cash Dividends The company has followed a schedule of declaring cash dividends each year in December and June and making the payment to shareholders of record in the following month. The cash dividend declarations have been as follows since the company's first year and up until June 30, 2023: Tncludes dividend arrears of $2,00 from the 20202021 fiscal year No cash dividends were declared to commonshareholders during June 2023 due to the comparys liquidity problems. Retained Eamings As at June 30,2022 , the companys Retained Earnines account had abalance of 5690,000 . For the fiscalyearended June 30.2023 , the company reported net income of $40,000