During its first year of operations, Cupola Fan Corporation issued 42,000 of $1 par Class B shares for $445,000 on June 30, 2016. Share issue costs were $2, 700. One year from the issue date (July 1, 2017), the corporation retired 10% of the shares for $45, 500. Required: Prepare the journal entry to record the issuance of the shares, the declaration of a $2.10 per share dividend on December 1, 2016, the payment of the dividend on December 31, 2016 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 general journal view transaction list Record the issuance of the shares. Transaction list Record the issuance of the shares. Record the declaration of a $2.10 per share dividend December 1, 2016. Record the payment of the dividend on December 31 2016. Record the retirement of the shares