1. Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year:

   Preferred 2% Stock, $125 par (90,000 shares authorized, 45,000 shares issued)	$5,625,000
   Paid-In Capital in Excess of ParPreferred Stock	675,000
   Common Stock, $20 par (600,000 shares authorized, 180,000 shares issued)	3,600,000
   Paid-In Capital in Excess of ParCommon Stock	470,000
   Retained Earnings	21,984,000

   During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

   1. Purchased 36,000 shares of treasury common for $25 per share.
   2. Sold 18,000 shares of treasury common for $28 per share.
   3. Issued 23,000 shares of preferred 2% stock at $139.
   4. Issued 60,000 shares of common stock at $24, receiving cash.
   5. Sold 12,000 shares of treasury common for $23 per share.
   6. Declared cash dividends of $2.50 per share on preferred stock and $0.10 per share on common stock.
   7. Paid the cash dividends.

   Required:

   Journalize the entries to record the transactions.

   If an amount box does not require an entry, leave it blank.

   a.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   b.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   c.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsPreferred Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockRetained EarningsTreasury Stock	- Select -	- Select -
   d.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital in Excess of Par-Common StockRetained EarningsTreasury Stock	- Select -	- Select -
   e.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
   f.	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
   	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
   g.	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
   	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -