Italian Stallion has the following transactions during the year related to stockholders$$ equity.

February $1$ Issues $5,300$ shares of no$-$par common stock for $$15$ per share.

May $15$ Issues $600$ shares of $$10$ par value, $9\%$ preferred stock for $$12$ per share.

October $1$ Declares a cash dividend of $$0\mathrm{.}90$ per share to all stockholders of record $($both common and preferred$)$ on October $15.$

October $15$ Date of record.

October $31$ Pays the cash dividend declared on October $1.$

Required:

Record each of these transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$