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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, $175 par (60,000 shares authorized, 30,000 shares issued) $5,250,000 Paid-In Capital in Excess of Par-Preferred Stock 840,000 Common Stock, $25 par (800,000 shares authorized, 310,000 shares issued) 7,750,000 Paid-In Capital in Excess of Par-Common Stock 1,010,000 31,482,000 Retained Earnings During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 48,000 shares of treasury common for $27 per share. b. Sold 24,000 shares of treasury common for $30 per share. C. Issued 15,000 shares of preferred 2% stock at $188. d. Issued 80,000 shares of common stock at $28, receiving cash. e. Sold 16,000 shares of treasury common for $25 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.08 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.- 10 10 101 100 000 00 000 000 000 000 00 00 g