On January $1,$ Martinez Corp. had $61,800$ shares of no$-$par common stock issued and outstanding. The stock has a stated value of $$4$ per share. During the year, the following transactions occurred.

Apr. $1$ Issued $13,050$ additional shares of common stock for $$11$ per share.

June $15$ Declared a cash dividend of $$1\mathrm{.}60$ per share to stockholders of record on June $30.$

July $10$ Paid the $$1\mathrm{.}60$ cash dividend.

Dec. $1$ Issued $5,800$ additional shares of common stock for $$12$ per share.

Dec. $15$ Declared a cash dividend on outstanding shares of $$2\mathrm{.}00$ per share to stockholders of record on December $31.$