Preferred 2% Stock, $100 par (90,000 shares authorized, 45,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $15 par (600,000 shares authorized, 280,00 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 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 $17 per share. b. Sold 18,000 shares of treasury common for $20 per share. c. Issued 23,000 shares of preferred 2% stock at $120. d. Issued 60,000 shares of common stock at $22, receiving cash. e. Sold 12,000 shares of treasury common for $15 per share. f. Declared cash dividends of $2.00 per share on preferred stock and $0.10 per share on common stock. 9. Paid the cash dividends. Required: Journalize the entries to record the transactions If an amount box does not require an entry, leave it blank. ***** 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