Sun Corporation received a charter that authorized the issuance of $81,000$ shares of $$7$ par common stock and $20,000$ shares of $$125$ par, $5$ percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation.

Year $1$

January $5$ Sold $12,150$ shares of the $$7$ par common stock for $$9$ per share.

January $12$ Sold $2,000$ shares of the $5$ percent preferred stock for $$135$ per share.

April $5$ Sold $16,200$ shares of the $$7$ par common stock for $$11$ per share.

December $31$ During the year, earned $$305,800$ in cash revenue and paid $$242,700$ for cash operating expenses.

December $31$ Declared the cash dividend on the outstanding shares of preferred stock for Year $1.$ The dividend will be paid on February $15$ to stockholders of record on January $10,$ Year $2.$

Year $2$

February $15$ Paid the cash dividend declared on December $31,$ Year $1.$

March $3$ Sold $3,000$ shares of the $$125$ par preferred stock for $$145$ per share.

May $5$ Purchased $450$ shares of the common stock as treasury stock at $$14$ per share.

December $31$ During the year, earned $$250,200$ in cash revenues and paid $$175,300$ for cash operating expenses.

December $31$ Declared the annual dividend on the preferred stock and a $$0\mathrm{.}50$ per share dividend on the common stock.