Seiected stock transactions Diamondeack Welding \& Fabrication Corporation sels and services pipe welding equipment in Ilinois. The following selected aceounts appear in the ledger of Diamondtack Welding s Fibnication at the beginning of the current vear: During the veac the corperation completed a number of transtecions aftecting the stockholdess equity. Ther are summaried as follows: 2. Purchased 42,000 shares of treatury common for 125 per share b. Sold 21,000 shares of tresury common for $28 per share. C. Issued 20,000 shares of preferred 2 thock at $192. d. Issued 70,000 shares of common stock ot $27, receiving cash. e. Sold 14,000 shares of teasury common for $23 per share. t. Dedared cash dividends of 53.50 per share on preferted stock and 50.06 per share on common stock. 9. Peid the canh dividends During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as fol a. Purchased 42,000 shares of treasury common for $25 per share. b. Sold 21,000 shares of treasury common for $28 per share. c. Issued 20,000 shares of preferred 2% stock at $192. d. Issued 70,000 shares of common stock at $27, receiving cash. e. Sold 14,000 shares of treasury common for $23 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.06 per share on common stock. 9. Paid the cash dividends. Journalize the entries to record the transactions. If an amount box does nqt require an entry, leave it blank. b. c. d. e. 9