Instructions The following selected accounts appear in the ledger of Park Construction Inc. at the beginning of the current local year Preferred 2% Stock$76 par (100,000 shares authorized, 80,000 shares issued) $6,000,000 Paid In Capital in Excess of Par-Preferred Stock Common Stock, S8 par (5,000,000 shares authorized, 3,000,000 shares issued) 24,000,000 Paid-In Capital in Excess of Par-Common Stock 1,850,000 Retained Earnings 115,400,000 420,000 Jan Feb. 10 During the year, the corporation completed a number of transactions affecting the stockholders' eauty They are summarized as follows: 5 Issued 400,000 shares of common stock at $11, receiving cash. Issued 5,000 shares of preferred 2% stock at $90. Purchased 150,000 shares of treasury stock for $10 per share Sold 80,000 shares of treasury stock for S13 per share. Sold 20,000 shares of treasury stock for $9 per share. Declared cash dividends of $1,50 per share on preferred stock and $0.06 per share on common stock. Paid the cash dividends Mar 19 May 16 Aug 25 Dec 6 31 Previous Check My Work 2 more Check My Work uses remaining