During its first year of operations, Cupola Fan Corporation issued $39,000$ of $$1$ par Class B shares for $$430,000$ on June $30,2024.$ Share issue costs were $$2,400.$ One year from the issue date $($July $1,2025),$ the corporation retired $10\%$ of the shares for $$44,000.$

Required:

to $4.$ Prepare the journal entries to record the issuance of the shares, the declaration of a $$2\mathrm{.}90$ per share dividend on December $1,2024,$ the payment of the dividend on December $31,2024,$ and the retirement of the shares.

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

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the issuance of the shares.