The Sun Corporation was incorporated on Jan. 2, 2021. During the first year, they issued 20 000 no par value common shares and 8 000 5% cumulative preferred shares with a stated value of $12. Show the Journal entries. On Dec. 31, 2021, The Sun Corporation announces a dividend only for the preferred shareholders of record on Jan. 30, 2022. The payment is to be made Feb. 15, 2022. Show the calculation to determine the amount of the dividend and the entries required