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:

Line Item Description Amount

Preferred $2\%$ Stock, $$150$ par $(30,000$ shares authorized, $15,000$ shares issued$)$ $$2,250,000$

Paid$-$In Capital in Excess of Par$$Preferred Stock $360,000$

Common Stock, $$15$ par $(500,000$ shares authorized, $180,000$ shares issued$)2,700,000$

Paid$-$In Capital in Excess of Par$$Common Stock $350,000$

Retained Earnings $11,999,000$

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

Purchased $30,000$ shares of treasury common for $$19$ per share.

Sold $15,000$ shares of treasury common for $$22$ per share.

Issued $8,000$ shares of preferred $2\%$ stock at $$164.$

Issued $50,000$ shares of common stock at $$21,$ receiving cash.

Sold $10,000$ shares of treasury common for $$17$ per share.

Declared cash dividends of $$3\mathrm{.}00$ per share on preferred stock and $$0\mathrm{.}04$ per share on common stock.

Journalize the entries to record the transactions.

If an amount box does not require an entry, leave it blank.aid the cash dividends.