Graham Corporation has the following capital structure at the beginning of the year: $500,000 5% Preferred stock, $100 par value, 20,000 shares authorized, 5,000 shares issued and outstanding Common stock, $2 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par 120,000 390,000 Total paid-in capital Retained earnings Total stockholders' equity 1,010,000 470,000 $1,480,000 Required: Record the following transactions which occurred consecutively. a. A total cash dividend of $80,000 was declared to stockholders of record. b. Bought 6,000 shares of its common stock (treasury stock) at $20 per share. c. Sold 3,000 treasury shares at $22 per share. d. Sold 2,100 shares of treasury stock at $17 per share