Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe weld ing equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: $3,500,000 Preferred 2% Stock, $175 par (40,000 shares authorized, 20,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock 420,000 Common Stock, $10 par (700,000 shares authorized, 220,000 shares issued) 2,200,000 Paid-In Capital in Excess of Par-Common Stock 290,000 Retained Earnings 13,589,000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Purchased 42,000 shares of treasury common for $12 per share. b. Sold 21,000 shares of treasury common for $15 per share. c. Issued 10,000 shares of preferred 2% stock at $194 d. Issued 70,000 shares of common stock at $16, receiving cash. e. Sold 14,000 shares of treasury common for $10 per share. f Declared cash dividends of $3.50 per share on preferred stock and S0.08 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 entry, leave it blank. Treasury Stock Cash b. Cash Treasury Stock Cash . Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Cash d. Common Stock Paid-In Capit ropdown LACGS of Par-Common Stock Cash . Paid-In Capital from Sale of Treasury Stock Treasury Stock Cash Dividends f. Cash Dividends Payable Cash Dividends Payable g. Cash