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Donnie Hilfiger has two classes of stock authorized: $$1$ par preferred and $$0\mathrm{.}01$ par value common. As of the beginning of $2024,430$ shares of preferred stock and $5,300$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$ :

March $1$ Issue $2,400$ shares of common stock for $$55$ per share.

May $15$ Purchase $530$ shares of treasury stock for $$48$ per share.

July $10$ Resell $330$ shares of treasury stock purchased on May $15$ for $$53$ per share.

October $15$ Issue $330$ shares of preferred stock for $$58$ per share.

December $1$ Declare a cash dividend on both common and preferred stock of $$1\mathrm{.}80$ per share to all stockholders of record on December $15.($Hint: Dividends are not paid on treasury stock.$)$

December $31$ Pay the cash dividends declared on December $1.$

Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$430$; Common Stock, $$53$; Additional Paid$-$in Capital, $$82,500$; and Retained Earnings, $$33,100.$ Net income for the year ended December $31,2024,$ is $$13,400.$

Required:

Record each of these transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$