The financial statements for Jode Incorporated and Lakely Corporation, just prior to their combination, for the year ending December $31,2023,$ follow. Lakely's buildings were undervalued on its financial records by $$60,000.$

Jode Lakely

Revenues $ $1,300,000$ $ $500,000$

Expenses $(1,180,000)(290,000)$

Net income $ $120,000$ $ $210,000$

Retained earnings, January $1,2023$ $ $700,000$ $ $500,000$

Net income $($from above$)120,000210,000$

Dividends declared $(110,000)(110,000)$

Retained earnings, December $31,2023$ $ $710,000$ $ $600,000$

Cash $ $160,000$ $ $120,000$

Receivables and inventory $240,000240,000$

Buildings $($net$)700,000350,000$

Equipment $($net$)700,000600,000$

Total assets $ $1,800,000$ $ $1,310,000$

Liabilities $ $250,000$ $ $195,000$

Common stock $750,000430,000$

Additional paid$-$in capital $90,00085,000$

Retained earnings, $12/31/23710,000600,000$

Total liabilities and stockholders$$ equity $ $1,800,000$ $ $1,310,000$

On December $31,2023,$ Jode issued $54,000$ new shares of its $$10$ par value stock in exchange for all the outstanding shares of Lakely. Jode's shares had a fair value on that date of $$35$ per share. Jode paid $$34,000$ to an investment bank for assisting in the arrangements. Jode also paid $$24,000$ in stock issuance costs to effect the acquisition of Lakely. Lakely will retain its incorporation.

Prepare the journal entries to record: $(1)$ the issuance of stock by Jode; and $(2)$ the payment of the combination costs.