Permabilt Corporation was incorporated on January $1,2022,$ and issued the following stock for cash:

$2,000,000$ shares of no$-$par common stock were authorized; $750,000$ shares were issued on January $1,2022,$ at $$35$ per share.

$800,000$ shares of $$100$ par value, $7\mathrm{.}5\%$ cumulative, preferred stock were authorized; $540,000$ shares were issued on January $1,2022,$ at $$105$ per share.

No dividends were declared or paid during $2022$ or $2023.$ However, on December $22,2024,$ the board of directors of Permabilt Corporation declared dividends of $$15,000,000,$ payable on February $12,2025,$ to holders of record as of January $8,2025.$

Required:

Use the horizontal model for the issuance of common stock and preferred stock on January $1,2022.$ Indicate the financial statement effect.

Use the horizontal model for the declaration of dividends on December $22,2024.$ Indicate the financial statement effect.

Use the horizontal model for the payment of dividends on February $12,2025.$ Indicate the financial statement effect.Use the horizontal model for the issuance of common stock and preferred stock on January $1,2022.$ Indicate the financial statement effect.

Note: Enter decreases with a minus sign to indicate a negative financial statement effect.