During its first year of operations, Cupola Fan Corporation issued 37,000 of $1 par Class B shares for $420,000 on June 30, 2018. Share issue costs were $2,200. One year from the issue date (July 1, 2019), the corporation retired 10% of the shares for $43,000. Required: 1. to 4. Prepare the journal entry to record the issuance of the shares, the declaration of a $2.70 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.)

(Journal Entries):

Record the issuance of the shares.

Record the declaration of a $2.70 per share dividend on December 1, 2018.

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

Record the retirement of the shares.