On January $1,2024,$ Gerlach Incorporated had the following account balances in its shareholders' equity accounts.Common stock, $$1$ par, $252,000$ shares issued$ $252,000$Paid$-$in capitalexcess of par, common$504,000$Paid$-$in capitalexcess of par, preferred$110,000$Preferred stock, $$100$ par, $11,000$ shares outstanding$1,100,000$Retained earnings$2,200,000$Treasury stock, at cost$,5,200$ shares$26,000$During $2024,$ Gerlach Incorporated had several transactions relating to common stock.January $15$:Declared a property dividend of $100,000$ shares of Slowdown Company $($book value $$10\mathrm{.}2$ per share, fair value $$9\mathrm{.}10$ per share$).$February $17$:Distributed the property dividend.April $10$:A $2-$for$-1$ stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. $($Fascom chose to reduce Paid$-$in capitalexcess of par.$)$ The fair value of the stock was $$4$ on this date.July $18$:Declared and distributed a $3\%$ stock dividend on outstanding common stock; The fair value is$,$ $$5$ per share.December $1$:Declared a $50$ cents per share cash dividend on the outstanding common shares.December $20$:Paid the cash dividend. theres a total of $7$ entries.