$[$The following information applies to the questions displayed below.$]$

National League Gear has two classes of stock authorized: $6\%,$ $$20$ par preferred, and $$5$ par value common. The following transactions affect stockholders$$ equity during $2024,$ National League$$s first year of operations:

February $2$ Issue $1\mathrm{.}3$ million shares of common stock for $$17$ per share.

February $4$ Issue $420,000$ shares of preferred stock for $$22$ per share.

June $15$ Purchase $130,000$ shares of its own common stock for $$12$ per share.

August $15$ Resell $97,500$ shares of treasury stock for $$27$ per share.

November $1$ Declare a cash dividend on its common stock of $$1\mathrm{.}30$ per share and a $$504,000(6\%$ of par value$)$ cash dividend on its preferred stock payable to all stockholders of record on November $15.($Hint: Dividends are not paid on treasury stock.$)$

November $30$ Pay the dividends declared on November $1.$