Italian Stallion has the following transactions during the year related to stockholders$$ equity. February $1$ Issues $6000$ shares of no$-$par common stock for $$16$ per share. May $15$ Issues $700$ shares of $$10$ par value $12\mathrm{.}5\%$ preferred stock for $$13$ per share. October $1$ Declares a cash dividend of $$1\mathrm{.}25$ 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.