Gloucester Company has the following adjusted trial balance at the end of the current year. Cash dividends of $$605$ were declared at

the end of the year, and $500$ additional shares of common stock $($ $$0\mathrm{.}10$ par value per share$)$ were issued at the end of the year for

$$3,020$ in cash $($for a total at the end of the year of $810$ shares$).$ These effects are included below:

Prepare the closing entry at the end of the current year.