Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $$670$ were

declared at the end of the year, and $500$ additional shares of common stock $($ $$0\mathrm{.}10$ par value per share$)$ were issued at the end of the

year for $$3,280$ in cash $($for a total at the end of the year of $940$ shares$).$ These effects are included below:

Prepare the closing entry at the end of the current year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.