The following information is also available with respect to the company operations during the year 2026 : 1. Collected $276,000 cash for consulting revenue earned. 2. Paid $167,000 salaries expense; $48,000 rent expense; and $11,000 office expense. 3. Purchase equipment for $150,000 cash. 4. At December 31 , the following adjustments were required: a. Depreciation on the equipment, $15,000. b. Consulting revenue earned but not yet invoiced, $25,000 c. Accrued salaries expense, $4,500 d. Income tax rate, 15\%. No instalments were paid during the year. 5. Northwestern has elected to prepare its financial statements under ASPE. Required: a) Record the share issue and dividend transactions. For the December 10 transaction, be sure to record dividends payable to preferred shareholders separate from dividends payable to common shareholders. b) Prepare an income statement, statement of retained earnings, and the shareholders' equity section of the balance sheet