Issuing and Repurchasing Stock Mohawk Company had the following transactions related to its common and preferred stock: March 22 Sold 180,000 shares of $1 par common stock for $33 per share. Sold 1,500 shares of $5 par preferred stock at $11 per share. November 9 Repurchased 25,000 shares of the common stock at $35 per share. Required: Prepare the journal entries for these transactions. If an amount box does not require an entry, leave it blank