Requirement $1.$ Record the transactions in the general journal.

January $14.$ Declared a $$$$90,000$ cash$$ dividend, payable on March $1$ to the shareholders of record on February $1.$ Indicate the amount payable to each class of shareholder.

February $28.$ Issued $16,000$ common shares for $$$$6\mathrm{.}00$ per share.

March $1.$ Paid the cash dividend declared on January $14.$

April $1.$ Declared a $20$ percent share dividend on the common$$ shares, distributable on May $2$ to the shareholders of record on April $15.$ The market value of the shares was $$$$6\mathrm{.}40$ per share.

May $2.$ Distributed the share dividend declared on April $1.$

July $4.$ Repurchased $4,200$ of the$$ company's own common shares at $$$$6\mathrm{.}75$ per share. $($Hold all decimals in interim calculations. Round your final answer to the nearest whole$$ dollar.$)$