Vygen corporation, a private company reporting under ASPE, is cuthorized to issue an unlimited number of common shares and 500,000,$5 cumalative preferred shares. It began operations on January 1,2022 and the following transactions occurred in 2022 : Tan 1: issued 6,000 common shares for $60,000 cosh. tan2 : issued 1,000 preferred shares for $62.50 cash per share Dec 10 : Declared a total of $17,000 in dividends, bayable on January 3 , to shareholders of record on December 23 . The company's fiscal year ended on December 31,2022 and recorded a profit of $46,580. Instructions: a. Record the share issul and divided transactions: Janl Dr $ Cr $ To record issuance of preferred shares Dec Dr cast dividend-Preferred shares $ Dr cast dividend - commonshares \& Or $17000 To record declaration of dividends b. Prepare Statement of Retained tarnings: Nygren Corporation Statement of Retained Earnings Year ended December 31, 2022 Retained Earnings Jan I Add: Prefit for the year To close the income Summary account, the Journal entry has a debit to income Summary and a credit to C. The Company's total shareholder's equity as at December 31,2022 equals to $ Vygen corporation, a private company reporting under ASPE, is cuthorized to issue an unlimited number of common shares and 500,000,$5 cumalative preferred shares. It began operations on January 1,2022 and the following transactions occurred in 2022 : Tan 1: issued 6,000 common shares for $60,000 cosh. tan2 : issued 1,000 preferred shares for $62.50 cash per share Dec 10 : Declared a total of $17,000 in dividends, bayable on January 3 , to shareholders of record on December 23 . The company's fiscal year ended on December 31,2022 and recorded a profit of $46,580. Instructions: a. Record the share issul and divided transactions: Janl Dr $ Cr $ To record issuance of preferred shares Dec Dr cast dividend-Preferred shares $ Dr cast dividend - commonshares \& Or $17000 To record declaration of dividends b. Prepare Statement of Retained tarnings: Nygren Corporation Statement of Retained Earnings Year ended December 31, 2022 Retained Earnings Jan I Add: Prefit for the year To close the income Summary account, the Journal entry has a debit to income Summary and a credit to C. The Company's total shareholder's equity as at December 31,2022 equals to $