During its first year of operations, Cupola Fan Corporation issued 40,000 of $1 par Class B shares for $435,000 on June 30, 2021. Share issue costs were $2,500. One year from the issue date (July 1, 2022), the corporation retired 10% of the shares for $44,500. Required: 1. to 4. Prepare the journal entries to record the issuance of the shares, the declaration of a $3.00 per share dividend on December 1 2021, the payment of the dividend on December 31, 2021 and the retirement of the shares. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the issuance of the shares Note: Enter debits before credits Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general Journal