Selected Stock Transactions Diamondback Welding 8: Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected amounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $200 par (90,000 shares authorized, 45,000 shares issued) $9,000,000 Paid-In Capital in Excess of ParPreferred Stock 1,440,000 Common Stock, $25 par (500,000 shares authorized, 310,000 shares issued) ?,?50,000 Paid-In Capital in Excess of ParCommon Shock 1,010,000 Retained Earnings 40,204,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 30,000 shares of treasury common for $30 per share. b. Sold 15,000 shares of treasury common for $33 per share. c. Issued 23,000 shares of preferred 2% stock at $212. l d. Issued 50,000 sham of common stock at $31, receiving cash. e. Sold 10,000 shares of treasury common for $28 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.10 per share on oommon 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. a. b. 100 C. d. e. f. 9