On December $31,2021,$ Wildhorse Co$.$ had $1,310,000$ shares of $$6$ par common stock issued and outstanding. At December $31,2021,$

stockholders' equity had the amounts listed here.

Transactions during $2022$ and other information related to stackholders' equity accounts were as follaws.

On January $10,$ issued at $$109$ per share $110,000$ shares of $$103$ par value, $8\%$ cumulative preferred stock

On February $8,$ reacquired $13,800$ shares of its common stock for $$12$ per share.

On May $9,$ declared the yearly cash dividend on preferred stock, payable June $10,$ to stockholders of record on May $31$

On June B$,$ declared a cash dividend of $$1\mathrm{.}50$ per share on the common stock outstanding, payable on July $10,$ to stockhalders

of record an July $1.$

Net income for $2022$ was $$3,531,000.$

$($a$)$

Record the journal entries that are required for items $1-5$ above. $($Record entries in the order displayed in the problem statement.

Credit account titles are outomatically indented when amount is entered. Do not indent marually. If no entry is required, select $"$No Entry"

for the account titles and enter $0$ for the amounts.$)$

$($To close cash dividends$)$

$($b$)$