Diamondback Welding a forcation Companions and services pipe welding equipment in Times. The following selected clue par in the edge of Diamanchack Welding bition at the beginning of the current Preferred stock, 5150 mar (40,000 authore, 20,000 shares sued) $3,000,000 Pardin Capital in Excess of Per-Preferred Stock 600,000 Common stock, $10 par(700,000 shares withonioed; 320,000 shares) 3,200,000 Pidin Capital in Excess of PorComm Stock 420.000 Retained Earnings 15,305,000 During the year, the corporation compted a number of transactions affecting the stockholders equiry. They are summarired as follows: Purchased 42,000 shares of the common for $15 per share b. Sold 21,000 shares the common for 1 per share vued 10,000 shares of red stock at $170. d. Iwwed 70.000 shares of common stock $14, iving cash Sold 14,000 shares of try for $15 perse Dedared cash dividends of $5.00 per share on preferred stock and $0.04 per share on common stock 0 Paid the cash dividends Required Journal theatesta record the tracons of an amount does not require an entry, leave it blank od IMI II III III II II IMI NII III III II II b. C. d. o f. g