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Please show all the details. Thank you! During its first year of operations, Cupola Fan Corporation issued 39,000 of $1 par Class B shares for

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Please show all the details. Thank you!

During its first year of operations, Cupola Fan Corporation issued 39,000 of $1 par Class B shares for $430,000 on June 30, 2018. Share issue costs were $2,400. One year from the issue date (July 1, 2019), the corporation retired 10% of the shares for $44,000. Required: 1. to 4. Prepare the journal entry to record the issuance of the shares, the declaration of a $2.90 per share dividend on December 1, 2018, the payment of the dividend on December 31, 2018 and the retirement of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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