January $2$ Issue $100,000$ shares of common stock for $$60$ per share.

February $14$ Issue $50,000$ shares of preferred stock for $$11$ per share.

May $8$ Purchase $10,000$ shares of its own common stock for $$50$ per share.

May $31$ Resell $5,000$ shares of treasury stock for $$55$ per share.

December $1$ Declare a cash dividend on its common stock of $$0\mathrm{.}50$ per share and a $$25,000(5\%$ of par value$)$ cash dividend on its preferred stock payable to all stockholders of record on December $15.$ The dividend is payable on December $30.($Hint: Dividends are not paid on treasury stock.$)$

December $30$ Pay the cash dividends declared on December $1.$

Problem $10-6$A $($Algo$)$ Part $2$