the first part is the question! last part is just repetition of the the question that I uploaded bymistake. sorry

Problem 11-2A Elkhardt Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Mar. 1 May 1 June 1 July 24 Issued 920,000 common shares for $2 per share. Issued 19,000 preferred shares for $50 per share. Issued 230,000 common shares for $3 per share. Reacquired and retired 9,000 common shares at $2 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Issued 30,600 common shares for $125,000 cash and used equipment. The equipment originally cost $27,000. It now has a carrying amount of $13,500 and a current value of $14,400. The common shares were trading for $4 per share on this date. Issued 9,000 common shares for $5 per share. Issued 3,800 preferred shares for $50 per share. Reacquired and retired 15,000 common shares at $4 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Declared a $67,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Reported net income of $1,180,000 for the year. Sept. 4 Nov. 1 20 Dec. 14 31 Record the above transactions for 2018, including any required entries to close dividends declared and net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average cost per share to 2 decimal palces, e.g. 2.25 and final answers to 0 decimal places.) Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Preferred Shares Mar. 1 950000 Nov. 1 190000 Dec. 31 Bal. 1140000 Common Shares June 1 18990 Jan. 10 1840000 Mar. 1 690000 Sept. 4 40000 Contributed Surplus June 1 990 Dividends Declared Dec. 14 67000 Dec. 31 Bal. 67000 Retained Earnings Prepare the shareholders' equity section of the statement of financial position at December 31. (Enter account name only and do not provide descriptive information.) ELKHARDT CORPORATION Statement of Financial Position (Partial) December 31, 2018 A $ Problem 11-2A Elkhardt Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 10 Mar. 1 May 1 June 1 July 24 Issued 920,000 common shares for $2 per share. Issued 19,000 preferred shares for $50 per share. Issued 230,000 common shares for $3 per share. Reacquired and retired 9,000 common shares at $2 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Issued 30,600 common shares for $125,000 cash and used equipment. The equipment originally cost $27,000. It now has a carrying amount of $13,500 and a current value of $14,400. The common shares were trading for $4 per share on this date. Issued 9,000 common shares for $5 per share. Issued 3,800 preferred shares for $50 per share. Reacquired and retired 15,000 common shares at $4 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Declared a $67,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Reported net income of $1,180,000 for the year. Sept. 4 Nov. 1 20 Dec. 14 31 Record the above transactions for 2018, including any required entries to close dividends declared and net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average cost per share to 2 decimal palces, e.g. 2.25 and final answers to 0 decimal places.)