On January $1,2025,$ Cullumber Corporation had the following stockholders' equity accounts.

Common Stock $($ $$10$ par value, $70,000$ shares issued and outstanding$)$ $$700,000$

Paid$-$in Capital in Excess of Par$-$Common Stock

$513,000$

Retained Earnings

$617,000$

During $2025,$ the following transactions occurred.

Jan. $15$ Declared and paid a $$1\mathrm{.}05$ cash dividend per share to stockholders.

Apr. $15$ Declared and distributed a $10\%$ stock dividend. The market price of the stock was $$14$ per share.

May $15$ Reacquired $1,800$ common shares at a market price of $$16$ per share.

Nov. $15$ Reissued $900$ shares held in treasury at a price of $$18$ per share.

Dec. $31$ Determined that net income for the year was $$360,000.$

$($a$1)$

Journalize the above transactions. $($Include entries to close net income to Retained Earnings.$)($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 $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

Date

Account Titles and Explanation

Debit

Credit