The stockholders' equity accounts of Cullumber Corporation on January $1,2025,$ were as follows.

$\backslash$table$[[$Preferred Stock $(8\%,$ $$100$ par noncumulative, $5,000$ shares authorized$),$$$450,000$

Common Stock $($ $$10$ stated value, $800,000$ shares authorized$)$

$1,480,000$

$58,000$

$900,000$

$770,000$

$61,600$

Paid$-$in Capital in Excess of Par$-$Preferred Stock

Paid$-$in Capital in Excess of Stated Value$-$Common Stock

Retained Earnings

Treasury Stock $(7,700$ common shares$)$

During $2025,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Mar. $1$ Issued $6,000$ shares of common stock for $$80$ per share.

June $22$ Purchased $1,800$ additional shares of common treasury stock at $$11$ per share.

Sept. $1$ Declared an $8\%$ cash dividend on preferred stock, payable October $1.$

Oct. $1$ Paid the dividend declared on September $1.$

Dec. $1$ Declared a $$0\mathrm{.}80$ per share cash dividend to common stockholders of record on December $15,$ payable Decemb $2025.$

$31$ Determined that net income for the year was $$123,000.$ Paid the dividend declared on December $1.$

Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. $($Recor journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amo List all debit entries before credit entries.$)$