On December 31, 2021, Cullumber Company had 1,265,000 shares of $5 par common stock issued and outstanding. At December 31, 2021, stockholders equity had the amounts listed here.

Common Stock		$6,325,000
Additional Paid-in Capital		1,885,000
Retained Earnings		1,260,000

Transactions during 2022 and other information related to stockholders equity accounts were as follows.

1.		On January 10, issued at $108 per share 117,000 shares of $104 par value, 8% cumulative preferred stock.
2.		On February 8, reacquired 12,400 shares of its common stock for $14 per share.
3.		On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31.
4.		On June 8, declared a cash dividend of $1.00 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1.
5.		Net income for 2022 was $3,653,000.

Record the journal entries that are required for items 15 above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Nov. 1 Equipment 33200 Notes Payable 24000 Cash 9200 > Nov. 30 V Interest Expense 437 Interest Payable 437 Dec. 1 Notes Payable 15600 Interest Payable 351 cash 15951 Dec. 31 V Interest Expense 320 Interest Payable 320 Jul. 10 Dividends Payable 1,252,600 Cash 1,252,600 Dec. 31 Income Summary 3,653,000 Retained Earnings 3,653,000 (To close net income) Dec. 31 v Retained Earnings 2393000 x Cash Dividends 2393000 (To close cash dividends) Paid-in Capital in Excess of Par Value-Common St 18,085,000 Total Additional Paid-in Capital 23,053,000 Total Paid-in Capital 2,084,6000 > Retained Earnings 26,086,960 > Total Paid-in Capital and Retained Earnings