PROBLEM \\#5 ( 7 Marks) On January 1, 2023, Derii Corporation ( a public corporation) had the following shareholders' equity accounts: During 2023, the following selected transactions occurred: Jan. 15 Declared a \\$.50 cash dividend per common share to the shareholders of record on January 31, payable on February 15. Feb. 15 Paid the dividend declared on January 15. Apr. 15 Declared a 10\\% common share dividend to the shareholders of record on April 30, distributable on May 15. On April 15, the market price of the common shares was \\( \\$ 16 \\) per share. May 15 Distributed the common share dividend declared on April 15. July 1 Announced a 2-for-1 common share split. The market price per common share at the time of the announcement was \\( \\$ 17 \\). Dec. 1 Declared a \\( \\$ 1.00 \\) cash dividend per common share to the shareholders of record on December 15, payable on January 10, 2024. Dec. 15 Reacquired 5,000 common shares for \\( \\$ 4.00 \\) cash per share. Dec. 20 Issued 25,000 common shares in exchange for equipment. The fair market value of the equipment was \\( \\$ 160,000 \\). On this day, the common shares were trading at \\( \\$ 7 \\) per share. Page 18 Instructions: Prepare the journal entries for the above transactions for Derii Corporation for the fiscal year-ended December 31, 2023