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

Preferred stock, $9\%,$ $$100$ par $(10,000$ shares authorized, $2,000$ shares issued$)$

$$200,000$

Common stock, $$5$ par $(102,000$ shares authorized, $20,400$ shares issued$)$

$102,000$

Additional paid$-$in capital

$120,000$

Retained earnings

$495,000$

Total

$$917,000$

During $2025,$ Wildhorse took part in the following transactions concerning stockholders' equity.

$1.$ Paid the annual $2024$ $$9$ per share dividend on preferred stock and a $$2$ per share dividend on common stock. These dividends had been declared on December $31,2024.$

$2.$ Purchased $1,700$ shares of its own outstanding common stock for $$41$ per share. Wildhorse uses the cost method.

$3.$ Reissued $600$ treasury shares for land valued at $$30,400.$

$4.$ Issued $480$ shares of preferred stock at $$105$ per share.

$5.$ Declared a $10\%$ stock dividend on the outstanding common stock when the stock is selling for $$44$ per share.

$6.$ Issued the stock dividend.

$7.$ Declared the annual $2025$ $$9$ per share dividend on preferred stock and the $$2$ per share dividend on common stock. These dividends are payable in $2026.$Prepare journal entries to record the transactions described above. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$