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

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

Mar. $1$ lssusd $6,600$ shares of common stock for $$90$ per share.

June $22$ Purchased $1,300$ additional sharss of common trasury stock at $$11$ per share.

Sept. $1$ Declared a $9\%$ cash dividend on preferred stock, payable October $1.$

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

Dec. $1$ Declared a $$0\mathrm{.}60$ per share cash dividend to common stockholders of record on Decem ber $15,$ payable Decamber $31,2025.$

$31$ Determined that net income for the year was $$120,000.$ Paid the dividend declarsed on Dacember $1$

$($To close net income$)$