Selected Stock Transactions Diamondback Welding & Fabrication Corporation Sells and services pipe welding equipment in linois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year Preferred 2% Stock, $175 par (30,000 shares authorized, 15,000 shares Issued) $2,625,000 Pald-in Capital in Excess of Par-Preferred Stock 420,000 Common Stock, $20 par (600,000 shares authorized, 180,000 shares issued) 3,600,000 Paid-In Capital in Excess of Pan-Common Stock 470.000 Retained Earnings 15,084,000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: 2. Purchased 36,000 shares of treasury common for $21 per share. b. Sold 18,000 shares of treasury common for $24 per share. c. Issued 8,000 shares of preferred 2% stock at $187. d. Issued 60,000 shares of common stock at $25, receiving cash. e. Sold 12,000 shares of treasury common for $19 per share. Declared cash dividends of $3.50 per share on preferred stock and 50.08 per share on common stock. 9. Pald the cash dividends. Required: Joumalize the entries to record the transactions If an amount box does not require an entry, leave it blank, b. II III IDI 11 111 III d. 1 111 III II f. 8. Check My Work 3 more Check My Work uses remaining All work saved. Save NOV C EPIC