lamondback Welding \& Fabrication Corporation sells and services pipe welding equipment in Ilinois. The following selected accounts appear in the ledger of Diame Velding 8 Fabrication at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders' cqulty. They are summarized as follows: a. Purchased 42,000 shares of treasury common for $30 per share. b. Sold 21,000 shares of treasury common for $33 per share. c. 1ssued 13,000 shares of preferred 2% stock at $114. d. Issued 70,000 shares of common stock at $30, recelving cash. e. Sold 14,000 shares of treasury common for $28 per share. f. Declared cash dividends of $2.00 per share on preferred stock and $0.04 per share on common stock. 9. Pald the cash dividends. Journalize the entries to record the transactions. If an c. Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock d. Cash Common Stock Paidein Capital in Excess of Par-Common Stock * e. Cash Paideln Capltal from Sale of Treasury Stock V 350,000 Treasury Stock 42,000 f. Cash Dividende * Cash Dividends Pavable 7.720 9. Cash Dividends Payable or 79.720 cash Faodeach