As of January $2,2024,$ The Seeplus Company had the following items in its

capital structure:

Preferred stock, $$5$ par value, $$3$ dividend, $100,000$ shares authorized,

$80,000$ shares issued, $20,000$ shares of treasury stock.

Common stock, $$4$ stated value, $40,000$ shares authorized, $25,000$

shares issued and outstanding.

Retained earnings of $$612,000.$

On August $1,2024,$ Seeplus's Board of Directors declared a $15\%$ common

stock dividend, for shareholders of record on September $1,2024,$ when the

market value of the common stock was $$7$ per share and the market value

of the preferred stock was $$9$ per share.

When the dividend was distributed on October $1,2024,30\%$ of the dividend

was issued in the form of fractional$-$share stock rights.

On December $31,2024,$ Seeplus was notified by its stock transfer agent that

$60\%$ of the fractional$-$share stock rights had been exchanged for common

stock, and the remaining fractional$-$share stock rights had expired.

Also on December $31,2024,$ after the common stock dividend was

accounted for, the Board of Directors declared the cash dividend due to the

preferred shareholders for $2024$ and a cash dividend of $$1$ per share for the

common shareholders, both to be paid in early $2025.$

Provide all the journal entries necessary for The Seeplus Company's stock

and cash dividends in $2024.$