Westby Corp., a high school uniform manufacturer, was authorized to issue an unlimited number of common shares. During January $2023,$ its first month of operations, the following selected transactions occurred:pedokJan. $11,000$ shares were issued to the organizers of the corporation. The total value of the shares was determinedto be $$12,400\mathrm{.}15,000$ shares were sold to various shareholders for $$13\mathrm{.}90$ each$\mathrm{.}15$ The board of directors declared a cash dividend of $$0\mathrm{.}79$ per common share to shareholders of record on January $19,$ payable January $31\mathrm{.}204,000$shares were issued in exchange for a specialpiece of land with a book value of $$49,600,$determined Fair Market Value. The shares were actively trading on this date at $$11\mathrm{.}90$ per share$\mathrm{.}31$ Closed the Income Summary account, which showed a credit balance of $$169,000\mathrm{.}31$ Paid the dividends declared on asanuary $15.$encesRequired:a$.$ Journalize the above transactions. The Company does not use a Cash Dividends Account.View transaction listJournal entry worksheet