Taking Flight Corporation designs and produces a line of golf equipment and golf apparel. Taking Flight has $100,000$ shares of common stock outstanding as of the beginning of $2024.$ Taking Flight has the following transactions affecting stockholders' equity in $2024.$ March $1$ Issues $49,000$ additional shares of $$1$ par value common stock for $$46$ per share. May $10$ Purchases $4,400$ shares of treasury stock for $$49$ per share. June $1$ Declares a cash dividend of $$1\mathrm{.}20$ per share to all stockholders of record on June $15.($Hint: Dividends are not paid on treasury stock.$)$ July $1$ Pays the cash dividend declared on June $1.$ October $21$ Resells $2,200$ shares of treasury stock purchased on May $10$ for $$54$ per share. Required: Record each of these transactions. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)1.$ Record the issuance of $49,000$ additional shares of $$1$ par value common stock for $$46$ per share. $2.$ Record the purchase of $4,400$ shares of treasury stock for $$49$ per share. $3.$ Record the declaration of a cash dividend of $$1\mathrm{.}20$ per share to all stockholders of record on June $15.($Hint: Dividends are not paid on treasury stock.$)4.$ Record payment of the cash dividend declared on June $1.5.$ Record the resale of $2,200$ shares of treasury stock purchased on May $10$ for $$54$ per share.