Journalize the entries to record the May transactions. PR 13-3A Selected stock transactions OBL 3,4 f. Cash dividends, The following selected accounts appear in the ledger of Parks Construction Inc, ate 328,500 beginning of the current year: Preferred 2% Stock, S75 par (100,000 shares authorized, 80,000 shares issued). . . . . . . . $ 6,000,000 . 420,000 24,000,000 1,850,000 General Ledger Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued).24 Show Me How During the year, the corporation completed a number of transactions affecting th stockholders' equity. They are summarized as follows a. Issued 400,000 shares of common stock at $11, receiving cash. b. Issued 5,000 shares of preferred 296 stock at $90. c. Purchased 150,000 shares of treasury common for $10 per share. d. Sold 80,000 shares of treasury common for $13 per share. e. Sold 20,000 shares of treasury common for $9 per share. f. Declared cash dividends of $1.50 per share on preferred stock and $0.06 per share on common stock. g. Paid the cash dividends. Instructions lize the entries to record the transactions. Identify eacb entry by letter