SCENARIO A On January 1, 2023, Splits Unlimited (SL) had 20,000 shares outstanding for $36,000 and a contributed surplus amount of $2,400 on its balance sheet. On May 30, SL issued 3,000 shares for $2.20 per share. On November 1, 2023, SL purchased and retired 2,700 shares paying $2.50 per share. Required: Prepare all journal entries for 2023. SCENARIO B On January 1, 2023, LS Limited (LS) had 250,000 common shares outstanding and 50,000, $3 cumulative preferred shares outstanding. The preferred share dividends are two years in arrears. No dividends have been declared this year. On March 1, LS issued 60,000 common shares. On August 1st, LS declared a 3 for 1 stock split effective August 1st. On December 31st, net income for LS was $1,240,000. Required: Calculate earnings per share for the year. Show all relevant work.