Prince Albert Department Store Ltd$.$ can issue $50,000$ $$4$ cumulative preferred shares. The company's letters patent authorizes up to $550,000$ common shares, and the corporation has $52,000$ common shares outstanding with a book value of $$250,000.$ Presently, no preferred shares are issued. The opening retained earnings equals $$542,800.$

$\backslash$table$[[$Jan$.5,\backslash$table$[[$Prince Albert Department Store Ltd$.$ Issued $4,200$ common shares in exchange for land worth$],[$$$52,000.]]],[$Feb$.19,\backslash$table$[[$The board of directors delcared a $4\%$ share dividend $($market value $$4\mathrm{.}00/$share$)$ to shareholders$],[$of record on Mar. $1($market value $$4\mathrm{.}75/$share$)$ to be distributed on Mar. $16($market value$],[$$$\frac{5\mathrm{.}25}{?}$ share$)$

Journal entry for feb $19$th $?$