Vaughn Company reported the following amounts in the stockholders$?$ ?equity section of its December $31,2024,$ ?balance sheet.

Preferred stock, $10\%,$ ?$$100$ ?par $(10,000$ ?shares authorized, $1,800$ ?shares issued$)$ ? $$180,000$

Common stock, $$5$ ?par $(101,000$ ?shares authorized, $20,200$ ?shares issued$)101,000$

Additional paid$-$in capital $119,000$

Retained earnings $447,000$

? Total $$847,000$

During $2025,$ ?Vaughn took part in the following transactions concerning stockholders$?$ ?equity.

$1.$ ? Paid the annual $2024$ ?$$10$ ?per share dividend on preferred stock and a $$2$ ?per share dividend on common stock. These dividends had been declared on December $31,2024.$

$2.$ ? Purchased $1,500$ ?shares of its own outstanding common stock for $$37$ ?per share. Vaughn uses the cost method.

$3.$ ? Reissued $700$ ?treasury shares for land valued at $$28,400.$

$4.$ ? Issued $500$ ?shares of preferred stock at $$106$ ?per share.

$5.$ ? Declared a $10\%$ ?stock dividend on the outstanding common stock when the stock is selling for $$48$ ?per share.

$6.$ ? Issued the stock dividend.

$7.$ ? Declared the annual $2025$ ?$$10$ ?per share dividend on preferred stock and the $$2$ ?per share dividend on common stock. These dividends are payable in $2026.$

Preferred Stock

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

Common Stock Dividend Distributable

Paid$-$in Capital in Excess of Par $-$ ?Common Stock

Common Stock Dividend Distributable

Common Stock

Retained Earnings

Dividends Payable $-$ ?Common Stock

Dividends Payable $-$ ?Preferred Stock

4. Cash Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock 5. Retained Earnings Common Stock Dividend Distributable Paid-in Capital in Excess of Par - Common Stock 6. Common Stock Dividend Distributable Common Stock 7. Retained Earnings Dividends Payable - Common Stock Dividends Payable - Preferred Stock > 53000 50000 3000