Coil Welding Corporation sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Coil Welding Corporation on February 1, 2010, the beginning of the current fiscal year: During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased 60,000 shares of treasury common for $540,000. Account Debit Credit Treasury Stock Cash b. Sold 42,000 shares of treasury common for $462,000. Account Debit Credit Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock c. Issued 7,500 shares of preferred 2% stock at $38. Account Debit Credit Cash Preferred Stock Paid-In Capital in Excess of Par-PReferred Stock d. Issued 120,000 shares of common stock at $15, receiving cash. Account Debit Credit Cash Common Stock Paid-In Capital Excess of Par Common Stock e. Sold 13,000 shares of treasury common for $110,500. Account DEbit Credit Cash Paid-In Capital from Sale of Treasury Stock Treasury Stock f. Declared cash dividends of $0.50 per share on preferred stock and $0.42 per share on common stock. Account Debit Credit Cash dividends Cash Dividends Payable g. Paid the cash dividends. Account Debit Credit Cash Dividends Payable Cash dividends