Kindly help. My surname begins with H. 2. The company is desirous of comparing serval financial transactions and possible outcomes to assist in guiding itsSurname Initial# ofshares issuedA P. I E VC.O.RYKQ. M.FS. W. G ZD. T, LUIN, B, J, XH2,0005,000decision-making process. It is assumed that the company will be formed on January 1, 2021 and registered asOsboume Corporation. The company's charter will authorize 1,000,000 shares of common stock and 400,000,8.00010,00012,00014,000$100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course toprepare the company's journal entries and statement of owner's equity based on the following information which isgrouped according to your surname name initial. (Hint!!!! Example sumame Manuel will use the initial M andthat person should only use the info presented in line with the heading with their surname initial. You areshares of common stock for land with an appraised value of $ and a building with• Exchangedan appraised value of S (please refer to table below and use only the info in line with yournot allowed to use info associated other initials other than that of your own as this will result in theforfeiture of the grade.) (Please to rules above on double-barrel surnames)surname initial in the blank/underlined space)Surname InitialA P. I, E, Vc, O, R, YKQ. M. FS. W. G,ZD. T.LUIN, B, J, X H#of shares issued Value of Iland Value of Building100,000 S 250,000.00 S120,000 $ 300,000.00 S160.000 S 400.000.00 S 650.000.00200,000 S 500,000.00 s220,000 s600.000.00 s260,000 | se50,000.00 | s• Issuedshares of common stock. Stock has par value of per share and was issued at $450,000.00500,000.00per share. (please,refer to table below and use only the info in line with your surname initial in theblank/underlined space)700,000.00350.000.00Surname Initial# of shares issued Par valueA P. I E VC.OR.YK Q. M. FS W. G. ZD. T. LUIN, B, J, X H5,000 S15,000 S45.500 S65,000| S80.000s100,000 | sIssue Price0.01 S0.10S0.30 S0.40 s0.50 S0.60 | s30.0030.0030.0030.0030.00500,000.00Earned Net income $ (please refer to table below and use only the info in line with yoursurname initial in the blank/underlined space)30.00• Issuedshares of preferred stock at par value as payment in exchange for legal services. (pleaserefer to table below and use only the info in line with your surname initial in the blank/underlinedspace) Surname InitialA P, I, E VC.O, R YKQ. M.FS. W, G, ZD. T. LUIN, B. J, Ҳ, HNet Income500,000.00800,000.00650.000.00750,000.00820,000.00900,000.00Paid dividends to preferred shareholders as well as $2 per share to common stockholders.Using the info above and as a guide:A. Prepare the journal entries with narrations to record the following:• The issuances of stock.• Close out net income to retained earnings.• Dividend paid.• Close out dividend to retained earnings.B. Prepare Osboume Corporation Stockholders equity section of the balance sheet at December 31, 2021.(Hint!!!!!) The following information must be clearly statedishown:• information on par values,• the number of shares authorized and issued where necessary.• the sub total for the total paid in capital.• Retained earnings.• total stockholders' equity.

Preferred stock: Preferred stock is a kind of stock issued to preferred investors on which they…

Surname Initial AP. I, E, V C,O,R, Y KO ME S W. G, Z D. T. LU IN, B. J, X,H Net Income 500,000.00 800,000.00 e50.000.00 750,000.00 820,000.00 900,000.00 • Paid dividends to preferred shareholders as well as $2 per share to common stockholders. Using the info above and as a guide: A. Prepare the journal entries with narrations to record the following: • The issuances of stock. • Close out net income to retained earnings. • Dividend paid. • Close out dividend to retained earnings. B. Prepare Osboume Corporation Stockholders equity section of the balanoe sheet at December 31, 2021. (Hint!!) The following information must be clearly stated/shown: • infomation on par values, • the number of shares authorized and issued where necessary. • the sub total for the total paid in capital. • Retained earnings. • total stockholders' equity.