Donnie Hilfiger has two classes of stock authorized: $$1$ par preferred and $$0\mathrm{.}01$ par value common. As of the beginning of $2024,410$ shares of preferred stock and $5,100$ shares of common stock have been issued. The following transactions affect stockholders$$ equity during $2024$:

March $1$ Issue $2,200$ shares of common stock for $$53$ per share.

May $15$ Repurchase $510$ shares of treasury stock for $$46$ per share.

July $10$ Resell $310$ shares of treasury stock purchased on May $15$ for $$51$ per share.

October $15$ Issue $310$ shares of preferred stock for $$56$ per share.

December $1$ Declare a cash dividend on both common and preferred stock of $$1\mathrm{.}60$ per share to all stockholders of record on December $15.($Hint: Dividends are not paid on treasury stock.$)$

December $31$ Pay the cash dividends declared on December $1.$

Required:

Record each of these transactions.

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