The stockholders' equity accounts of Cyrus Corporation on January 1, 2022, were as follows.

The stockholders' equity accounts of Cyrus Corporation on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 5,000 shares of common stock for $30,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 per share. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022. 31 Paid the dividend declared on December 1. Instructions Journalize the above transactions. (Note: Be sure to properly calculate the number of common shares outstanding.)