Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diar Welding & Fabrication at the beginning of the current year:: Preferred 2% Stock, $125 par (50,000 shares authorized, 25,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par (800,000 shares authorized, 230,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $3,125,000 500,000 2,300,000 300,000 13,197,000 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 $11 per share. b. Sold 24,000 shares of treasury common for $14 per share. c. Issued 13,000 shares of preferred 2% stock at $142. d. Issued 80,000 shares of common stock at $17, receiving cash, e. Sold 16,000 shares of treasury common for $9 per share. f. Declared cash dividends of $2.50 per share on preferred stock and $0.10 per share on common 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.