Instructions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year Preferred 1% Stock, $50 par (100,000 shares authorized, 81,900 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $3 par (5,000,000 shares authorized, 1,780,000 shares issued) Paid-In Capital in Excess of Par-Common Stock $4,095,000 155,610 5,340.000 1.602,000 35,256,000 Retained Earnings During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: Jan. 5 Feb. Mar. May 10 19 16 25 6 31 Issued 493,300 shares of common stock at $7 receiving cash. Issued 8,800 shares of preferred 1% stock at S60 Purchased 46,700 shares of treasury stock for 57 per share Sold 18,400 shares of treasury stock for S9 per share. Sold 4.900 shares of treasury stock for $6 per share Declared cash dividends of $0.50 per share on preferred stock and $0.08 per share on common stock. Paid the cash dividends. Aug Dec Journalize the entries to record the transactions Refer to the Chart of Accounts for exact wording of account titles