McDermott Builders has 500,000 shares of $1 par common stock authorized and 150,000 shares of $5 par preferred stock authorized. Prior to the following transactions, McDermott Builders stockholders equity included the following as of December 31, 2020:

Common stock, 190,000 shares at $1 par	$ 190,000
Paid-in capital excess of par	760,000
Paid-in capital share repurchase	15,000
Retained earnings	640,000

Required: Record any required journal entries, in proper form, for the following transactions.

a. January 23, 2021, reacquired and retired 25,000 shares at $4 per share.

b. February 2, 2021, reacquired (did not retire them) 9,000 shares at $9 per share.

c. June 25, 2021, reacquired and retired 22,000 shares at $7 per share.

d. July 17, 2021, sold 3,000 shares of the reacquired shares at $12 per share.

e. McDermott Builders transferred to shareholders some of its equity investments by declaring a property dividend on December 29, 2021. The investments cost $345,000. The investments will be distributed on January 31, 2022 to the shareholders of record on January 15, 2022. At the date of declaration, the investments had a market value of $510,000.