On January $1,2022,$ Dkembe Corporation was authorized to issue $100,000$ shares of common

stock, par value $$5$ per share, and $20,000$ shares of $5$ percent cumulative preferred stock, par

value $$40$ per share.

Prepare journal entries to record the following $2022$ transactions:

a$.$ Issued $60,000$ shares of common stock at $$12$ per share.

b$.$ Issued $12,000$ shares of preferred stock at $$56$ per share.

c$.$ Reacquired $1,000$ shares of common stock at $$12$ per share.

d$.$ Reissued $200$ of the treasury shares for $$2,600.$

e$.$ Declared a cash dividend sufficient to meet the current$-$dividend preference on preferred

stock and pay common stockholders $$1$ per share.