1. The company is desirous of comparing several financial transactions and possible outcomes to assist in guiding its decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered as Osbourne Corporation. The company's charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. Prepare the company's journal entries and statement of owner's equity. Based on the following information: Issued 65,000 shares of common stock. Stock has par value of $0.40 per share and was issued at $30.00per share. Issued 10,000 shares of preferred stock at par value as payment in exchange for legal services. • Exchanged 200,000 shares of common stock for land with an appraised value of $500,000.00 and a building with an appraised value of $700,000.00. Earned Net income $750,000.00. Paid dividends to preferred shareholders as well as $2 per share to common stockholders.

4. The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding theirdecision-making process. They assume that the company will be formed on January 1, 2020. In addition, E&B ComicBookstore Company’s charter will authorize 1,200,000 shares of common stock (to be divided into two classes (700,000shares class A -voting rights and 500,000 shares class B -nonvoting rights) and 400,000, $X par value (see info below),5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’sjournal entries and statement of owner’s equity based on the following information which is grouped according to your firstname initial. (Hint!!!! Example first Manuel will use the initial M and that person should only use the info presentedin line with the heading with their first name initial. You are not allowed to use info associated other initials otherthan that of your own.  My initial is S A. Issued ____shares…