Sheridan Holdings Inc. has authorized share capital of an unlimited number of common shares and 1,000,000 $3-cumulative preferred shares. At January 1, 2024, the balances in its share capital accounts were $45,600 in common shares representing 19,200 shares and $26,400 in preferred shares representing 1,000 shares. The company had a balance of $57,400 in contributed surplus from previous years' repurchases of common shares. The retained earnings balance on that date was $190,000 and accumulated other comprehensive income was $68,700. Profit for the year ended December 31, 2024, was $29,400 and other comprehensive income items for the year were $5,400. There were no dividends in arrears at January 1, 2024, and no dividends were declared during 2024. During 2024, Sheridan had the following share transactions: Mar. 1 June 30 Sept. 1 Issued 5,000 common shares for $5 each. Issued 800 preferred shares for $11 each. Issued 66,700 common shares in exchange for land valued at $287,477. Dec. 1 Reacquired 54,600 common shares for $4.80 each. Journalize the share transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round per share cost to 2 decimal places, e.g. 2.75.) Date Account Titles Mar. 1 Cash Common Shares June 30 Cash Sep. 1 Dec. 1 Preferred Shares Debit 25000 8800 Credit 25000 8800 Prepare the equity section of Sheridan's balance sheet at December 31, 2024. SHERIDAN HOLDINGS INC. Partial Balance Sheet $