transaction B please

As at December 31, 2020 Assets Liabilities Cash $30,000 Accounts Payable Accounts Receivable 15,800 Unearned Revenue Prepaid Insurance 4,200 Bank Loan Inventory 78,500 Total Liabilities Property, Plant & Equipment 220,000 Shareholders' Equity Accumulated Depreciation -30,000 Common Shares - 100,000 issued Retained Earnings Total Shareholders Equity Total Assets $318,500 Liabilities & Owner's Equity At 2020, Razul has authorized 180,000 common shares and 15,000 preferred shares. The preferred shares will be cumulative and pay $6 dividends. The 100,000 shares issued were issued to Razul. He will maintain control of the company and sit on the board Transactions during 2021 a) On January 1, Holister purchased a strategic investment of 13,000 shares in Gregor Inc. for $12 per share. This represents 35% of Gregor Inc. common shares. On December 31, Gregor Inc. declares and pays a $68,000 dividend and reports a net income of $ b) On January 1, Razul has located a few private investors that wish to purchase shares in the new corporation. Some want common shares, while other are interested in preferred shares. Hollister Electric Inc. issued 35,000 common shares for $87,500 cash and issued 5,000 preferred shares for $20,000 cash