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: $1,500,000 300,000 Preferred 2% Stock, $100 par (30,000 shares authorized, 15,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $15 par (500,000 shares authorized, 290,000 shares issued) Paid-In Capital in Excess of Par-Common Stock 4,350,000 570,000 Retained Earnings 14,246,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 30,000 shares of treasury common for $20 per share. b. Sold 15,000 shares of treasury common for $23 per share. C. Issued 8,000 shares of preferred 2% stock at $119. d. Issued 50,000 shares of common stock at $21, receiving cash. e. Sold 10,000 shares of treasury common for $18 per share. f. Declared cash dividends of $2.00 per share on preferred stock and $0.06 per share on common stock. g. 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. Treasury Stock 88 Cash b. Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock d. Cash Common Stock III III III III III HII III III III III Paid-In Capital in Excess of Par-Common Stock Cash e. Paid-In Capital from Sale of Treasury Stock Treasury Stock f Cash Dividends Cash Dividends Payable Cash Dividends Payable g. C. Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock d. Cash Common Stock III Paid-In Capital in Excess of Par-Common Stock Cash e. Paid-In Capital from Sale of Treasury Stock Treasury Stock f. Cash Dividends Cash Dividends Payable Cash Dividends Payable g. Cash