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Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $75 par (80,000 shares authorized, 40,000 shares issued) $3,000,000 Paid-In Capital in Excess of Par-Preferred Stock 600,000 Common Stock, $20 par (600,000 shares authorized, 320,000 shares issued) 6,400,000 Paid-In Capital in Excess of Par-Common Stock 830,000 Retained Earnings 22,960,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 36,000 shares of treasury common for $21 per share. b. Sold 18,000 shares of treasury common for $24 per share. c. Issued 20,000 shares of preferred 2% stock at $90. d. Issued 60,000 shares of common stock at $25, receiving cash. e. Sold 12,000 shares of treasury common for $19 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. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. b. C. d. e. f. II II II I II II g