1. Record the jounral entries that are required for items 1-5 below.

On December 31,2024 , Carla Vista Co. had 1,300,000 shares of $5 par common stock issued and outstanding. At December 31, 2024, stockholders' equity had the amounts listed here. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10 , issued at $105 per share 127,000 shares of $100 par value, 8% cumulative preferred stock. 2. On February 8 , reacquired 15,100 shares of its common stock for $11 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 $1.25 per share on the common stock outstanding, payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,553,000