Sandhill Corporation was organized on January 1. 2022. It is authorized to issue 19.600 shares of $3 - noncumulative preferred shares and an unlimited number of common hares. The following share transactions were completed during the first year. Jan. 1 Issued 78,400 common shares for cash at $3 per share. Mar. 1 Issued 11,400 preferred shares for cash at \$54 per share. May 1 Issued 117,600 common shares for cash at $5 per share. Sept. 1 Issued 4,900 common shares for cashat $6 per share. Nov. 1 Issued 3,300 preferred shares for cash at $56 per share. Dec. 1 Declared the annual preferred dividend to the preferred shareholdirs, to shareholders of record on December 15. payable on January 15,2023. Dec. 31 Reported net income of $144,600 for the year. Record the above transactions. (List all debit entries before credit entries. Credit account titles ore automatically indented when the. amount is entered. Do not indent manually. If no entry is required, select " No Entry" for the occount titles and enter 0 for the amounts. Record iournal entries in the order presented in the problem.) Record the above transactions. (Ust all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent mianually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)