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