Preferred 2% Stock, $100 par (60,000 shares authorized, 30,000 shares issued) $3,000,000 Paid-In Capital in Excess of Par-Preferred Stock 480,00 Common Stock, $25 par (500,000 shares unauthorized, 260,000 shares issued) 6,500,000 Paid-In Capital in Excess of Par-Common Stock 850,000 Retained Earnings 22,960,000. Journalize the following entries: 1. Issued 50,000 shares of common stock at $30, receiving cash. 2.Issued 15,000 shares of preferred 2% stock at $117. 3. Purchased 30,000 shares of treasury common for $30 per share. 4. Sold 15,000 shares of treasury common for $33 per share. 5.Sold 10,000 shares of treasury common for $28 per share. 6.Declared cash dividends of $2.00 per share on preferred stock and $0.08 per share on common stock. Paid the cash diviends