Question 1 of 1 /13i Bonds Payable (10\%) Preferred Stock (\$20 par) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (\$10 par) Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Cash Dividends Sales Revenue Rent Revenue Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense Total 64,000 0 0 38,400 7,680 96,064 0 0 729,600 0 0 0 512,000 0 49,920 83,200 $$1,028,096$1,028,096 Unrecorded transactions and adjustments: 1. On January 1,2022 , Cullumber issued 1,280 shares of $20 par, 6% preferred stock for $28,160. 2. On January 1, 2022, Cullumber also issued 1,280 shares of common stock for $29,440. 3. Cullumber reacquired 384 shares of its common stock on July 1,2022 , for $49 per share. 4. On December 31, 2022, Cullumber declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Cullumber estimates that uncollectible accounts receivable at year-end are $6,528. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $6,400. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $5,120. 8. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1 . The interest for the 12 months ended December 31, 2022, has not been paid or recorded. Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)