The equity section of the December $31,2022,$ balance sheet for Delicious Alternative Desserts Inc. showed the following:

Delicious Alternative Desserts Inc.

Equity Section of the Balance Sheet

December $31,2022$

Contributed capital:

Preffered shares, $$0\mathrm{.}40$ cumulative; $80,000$ shares authorized; $53,000$ shares issued and outstanding $$212,000$

Commin shares, $250,000$ shares authorized; $113,000$ shares and outstanding $$180,000$

Total contributed capital $$392,800$

Retained earnings $$148,000$

Total equity $$540,800$

During the year $2023,$ the company had the following transaction affecting equity accounts:

Jan. $3$ Sold $13,000$ common shares for a total of $$22,360$ cash

Mar. $1$ Sold $5,000$ preffered shares at $$4\mathrm{.}10$ each; cash

June $15$ Exchanged $7,000$ common shares for equivalent with a fair market value of $$22,500.$ The last common share trade was dated March $15$ at $$4\mathrm{.}81$

Dec. $31$ Closed the Income Summary Account, which showed a credit balance of $$273,000$

The board directors had not declared dividends for the past two years $(2022$ and $2023)$

$1.$ Journalize the above transaction

$2.$ Prepare the equity section as at December $31,2023$

$3.$ How many preffered shares are available for issue at December $31,2023$

$4.$ How many common shares are available for issue at December $31,2023$