The Irish Lontoc Corporation was authorized to issue $150,000$ no$-$par value common shares. There were $60,000$ shares outstanding for a total value of $$600,000$ as at December $31,20$X$6$ there were retained earnings of $$200,000.$ During $20$X$7,$ The Irish Lontoc Corporation carried out the following transactions:

i Reacquired and canceled $10,000$ common shares at $$7\mathrm{.}00.$

Il$.$ Declared a cash dividend of $$2\mathrm{.}50.$

Ill. Paid the dividend in ii$)$ above.

iv$.$ Sold $5,000$ common shares at $$12\mathrm{.}00$ per share$-$

V$.$ Reacquired and canceled $4,500$ common shares at $$11\mathrm{.}00.$Prepare the journal entries for each of the above transactions.