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, $200 par (70,000 shares authorized, 35,000 $7,000,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 1,400,000 Common Stock, $20 par (800,000 shares authorized, 260,000 5,200,000 shares issued) Paid-In Capital in Excess of Par-Common Stock 680,000 Retained Earnings 30,274,000 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 $24 per share. b. Sold 24,000 shares of treasury common for $27 per share. c. Issued 18,000 shares of preferred 2% stock at $212. d. Issued 80,000 shares of common stock at $25, receiving cash. e. Sold 16,000 shares of treasury common for $22 per share. f. Declared cash dividends of $4.00 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