Please help me doing a) and b). Get stuck in Jan 31 (the first one of income summary)

30 W WU Was Owed $100,000. Te duard of directors declared a cash dividend of $15,000 on the preferred shares and $5,000 on the common shares to shareholders of record on June 20, payable July 1. Dedee that you will shechilder 150,000 common shares were issued in exchange for machinery with a fair market value of $2,000,000. The shares were actively trading on this date at $13.20 per share. Use the value of ta shere to look (.10) The dividends declared on June 18 were paid. July 1 Pay the money to shareholder Lindsay Ltd. was authorized to issue an unlimited number of common shares. During January 2021 its first month of operations, the following selected transactions occurred: Jan. / 1 5 15 W 20 1,000 shares were issued to the organizers of the corporation. The total value of the shares was determined to be $8,000. 15,000 shares were sold to various shareholders for $9.00 each. The board of directors declared a cash dividend of $0.50 per common share to shareholders of record on fanta19 payable January 31. 4,000 shares were issued in exchange for land valued at $32,000, The shares were actively trading on this date at $10.75 per share. Closed the Income Summary account, which showed a credit balance of $110,000 Net income Paid the dividends declared on January 19. 4,000 S Required a. Journalize the above transactions. b. Prepare the shareholders' equity section of the balance sheet of Lindsay Ltd, at January 31, 2021 16 Cush Profford shoe 1,980,000 o Accents Payabh Machenery an Thir ngy thng nm Jant 2021 Toro 8.000 Jan 5, 2021 Dssued 15.000 shares Jan 15.2021 Reterined earning Common Dividend Penelde - Jan 20, 2021 Land Lom hun shorte Issued 4,000 to trade land Jan 31, 2021 Nu bn thy mt ngi bn khng c n ci hay ly n ci ca mnh cho ngi