At the beginning of the year, FDL Inc. has $450,000$ shares of its $$0\mathrm{.}50$ par value common stock outstanding, and a balance in Retained Earnings of $$2,400,000.$

During the year, the company had the following transactions related to stockholders' equity.

Feb. $1$: Issued an additional $50,000$ shares of common stock for $$25$ per share.

May $4$: Purchased $10,000$ shares of treasury stock for $$20$ per share.

Aug. $27$: Reissued $2,000$ shares of the treasury stock for $$27$ per share.

Sept. $20$: Declared a cash dividend of $$0\mathrm{.}80$ per share.

Required:

A$.$ Prepare the journal entry to record each transaction.

B$.$ Assume the company had net income of $$800,000$ during the year. What amount of Retained Earnings should be reported on the year$-$end balance sheet?