Zen Aerospace Corporation reported the following equity account balances on December $31,2022$:

Preferred shares, $$3\mathrm{.}60$ cumulative, unlimited shares authorized $ $0$

 

 Common shares, unlimited shares authorized, $25,900$ shares issued and outstanding $7\mathrm{}73,800$ 

 

 Retained earnings $375,000$ 

 

In $2023,$ the company had the following transactions affecting shareholders and the shareholders equity accounts:

 

 Jan. $1$  Purchased and retired $3,\mathrm{}500$ common shares at $$\mathrm{}56$ per share.  

 

$14$ The directors declared an $8\%$ share dividend distributable on February $5$ to the January $30$ shareholders of record. The shares were trading at $$46\mathrm{.}70$ per share.

$30$ Date of record regarding the $8\%$ share dividend.

Feb. $5$ Date of distribution regarding the $8\%$ share dividend.

July $6$ Sold $6,100$ preferred shares at $$71$ per share.

Sept. $5$ The directors declared a total cash dividend of $$48,010$ payable on October $5$ to the September $20$ shareholders of record.

Oct. $5$ The cash dividend declared on September $5$ was paid.

Dec. $31$ Closed the $$476,600$ credit balance in the Profit Summary account to Retained Earnings.

$31$ Closed the dividend accounts.

Required

$1.$ Prepare journal entries to record the transactions and closings for $2023($assume the retirements were the first ever recorded by Zen Aerospace$).$ Assume share dividends and cash dividends account is used when dividends are declared. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$