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AC$3220$ Ltd$.$ prepares its reports using IFRS. The following information relates to its shareholders' equity on January $1,2023,$ the first day of its fiscal year.

$$0\mathrm{.}80-$noncumulative preferred shares, unlimited number of shares authorized, $100,000$ shares issued

$$1,100,000$

Common shares, unlimited number of shares authorized, $1,190,000$ shares issued

$3,593,800$

Contributed surplus $($repurchase of common shares$)$

$15,200$

Retained earnings

$7,330,000$

Accumulated other comprehensive income

$(450,000)$

During the year, there were the following transactions related to shares.

$1.$

On May $15,2023,$ AC$3220$ purchased equipment in exchange for $92,000$ common shares with a market value of $$3\mathrm{.}15$ per share. The fair value of the equipment was $$303,480.$

$2.$

On June $1,2023,$ AC$3220\text{'}$s board of directors declared the semi$-$annual dividend to the preferred shareholders of record on June $15,$ payable June $30.$

$3.$

The semi$-$annual dividend to the preferred shareholders is paid on the appropriate date.

$4.$

On September $16,2023,$ reacquired $46,000$ common shares for $$160,000$ cash.

$5.$

On December $15,2023,$ AC$3220\text{'}$s board of directors declared the second semi$-$annual dividend to the preferred shareholders and a $10\%$ stock dividend to the common shareholders for shareholders of record on December $31,2023$ payable January $20,2024.$ The market price of the common shares at December $15,2023$ was $$4$ per share.

Journalize each of the transactions.

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