Q11 Sunshine Company had the following transactions in 2019, - Issued 10,000 shares of common stock. Stoek has par value of $1.00 per share and was issued at $20.00 per share. - Issued 15,000,10%, preferred shares at par. Par value of preferred stock is $10. - Earned net income of $250,000. - Declared dividends of $60,000. Requirements: a. Journalize the issuance of common stocks. b. Journalize the issuance of preferred stocks. c. Journalize the elosing entries for net income d. Caleulate the preferred dividend and common dividend for 2013 and journalize the deelaration of dividends. e. Prepare the stockholders' equity seetion of Sunshine Company's balance sheet as at December 31,2014