on december $31,2024,$ sheridan company had $1255000$ shares of $5$ par common stock issued and outstanding. at december $31,2024,$ stockholders' equity had the amounts listed here. common stock$-6275000,$ additional paid$-$in capital$-1870000,$ retained earnings$-1230000.$ transactions during $2025$ and other information related to stockholders' equity accounts were as follows.

$1.$ on january $10,$ issued at $111$ per share $130,000$ shares of $100$ par value, $7\%$ cumulative preferred stock.

$2.$ On february $8,$ reacquired $11,100$ shares of its common stock for $11$ per share.

$3.$ on may $9,$ declared the yearly cash dividend on preferred stock, payable june $10,$ to stockholders of record on may $31.$

$4.$ On june $8,$ declared a cash dividend of $1\mathrm{.}80$ per share on the common stock outstanding payable on july $10$ to stockholders of record on July $1.$

$5.$ Net income for $2025$ was $3,626,000$

record the journal entries that are required for items $1-5$ above.