Sarasota Corporation, a private corporation, was organized on February $1,$ It is authorized to issue $88,800,$$$6$ noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: A$)$ Journalize the transactions. b$)$ open general ledger accounts and post to the shareholders equity accounts. C$)$ Determine the number of shares issued and the average per share amount for both common and preferred shares. D$)$ How many more shares is the company authorized to issue for each class of shares?