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Current Attempt in Progress Benton Corporation, a publicly traded company, is authorized to issue 535,000$4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2024, the general ledger contained the following shareholders' equity accounts: The following equity transactions occurred in 2024: \begin{tabular}{lrl} \hline Jan. & 4 & Issued 32,100 common shares for $321,000. \\ Apr. & 15 & Issued 12,840 preferred shares for $1,027,200. \\ & 29 & Repurchased and retired 10,700 common shares at $7.50 per share. The balance in \\ May & 17 & Declared a semi-annual cash dividend to the preferred shareholders of record at Ju \\ Aug. & 13 & Issued 26,750 common shares for $187,250. \\ Dec. & 16 & The board of directors decided there were insufficient funds to declare the semi-an \\ & 31 & Net income for the year was $1,040,040. \end{tabular} Open T accounts and post to the sharehoiders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Shares \begin{tabular}{|c|c|} \hline 0 & 0 \\ \hline & 0 \\ \hline 0 & 0 \\ \hline \end{tabular} Dividends Declared \begin{tabular}{|c|c|} \hline & \\ \hline 0 & 0 \\ \hline \end{tabular} Accumulated Other Comprehensive Income Contributed Surplus Common Shares SUPPORT (c) =0 D narts of this guestion must he comnleted in ocrier. This nart will he availlahle when vou

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