Wildhorse Corporation's balance sheet at December $31,2021,$ is presented as follows. WILDHORSE CORPORATION Balance Sheet December $31,2021$ Debit:Cash $$24,400$ Accounts receivable $45,300$Allowance for doubtful accounts $(1,600)$Supplies $4,600$ Land $42,700$ Buildings $137,400$ Accumulated depreciation$-$buildings $(21,100)$Credit:Accounts payable $$26,600$Common stock $($$$10$ par$)78,000$ Retained earnings $127,100$ Total debit$/$credit $$231,700$During $2022,$ the following transactions occurred$\mathrm{.}1.$ On January $1,2022,$ Wildhorse issued $1,200$ shares of $$40$ par, $7\%$ preferred stock for $$49,200.2.$ On January $1,2022,$ Wildhorse also issued $1,000$ shares of the $$10$ par value common stock for $$22,500.3.$ Wildhorse performed services for $$317,000$ on account. $4.$ On April $1,2022,$ Wildhorse collected fees of $$35,200$ in advance for services to be performed from April $1,2022,$ to March $31,2023.5.$ Wildhorse collected $$269,100$ from customers on account. $6.$ Wildhorse bought $$34,000$ of supplies on account. $7.$ Wildhorse paid $$30,100$ on accounts payable. $8.$ Wildhorse reacquired $500$ shares of its common stock on June $1,2022,$ for $$25$ per share. $9.$ Paid other operating expenses of $$175,200.10.$ On December $31,2022,$ Wildhorse declared the annual preferred stock dividend and a $$1\mathrm{.}20$ per share dividend on the outstanding common stock, all payable on January $15,2023.11.$ An account receivable of $$1,900$ which originated in $2021$ is written off as uncollectible. Prepare the adjusting entries.