On December $31,2024,$ Carla Vista Corporation's common shares were trading for $$39,$ and the company had the following shareholder's equity accounts:

Common Shares $($no par value, unlimited authorized, $311,000$ issued, and outstanding$)$

$$6,531,000$

Contributed Surplus$-$Common Shares

$1,181,000$

Retained earnings

$19,660,000$

Prepare the journal entries for the following independent transactions. $($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 O for the amounts. Record journal entries in the order presented in the problem.$)$

$($a$)$ A stock dividend of $5\%$ is declared at their fair value on January $1,2025$ and issued on January $31$ to the shareholders