During its first year of operations, Cupola Fan Corporation issued 30,000 of $1 par Class B shares for $385,000 on June 30, 2018. Share issue costs were $1,500. One year from the issue date (July 1, 2019), the corporation retired 10% of the shares for $39,500. Required: 1. to 4. Prepare the journal entry to record the issuance of the shares, the declaration of a $2 per share dividend on December 1, 2018, the payment of the dividend on December 31, 2018 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.)

1.Record the issuance of the shares.

2.Record the declaration of a $2 per share dividend on December 1, 2018.

3.Record the payment of the dividend on December 31, 2018.

4,Record the retirement of the shares.