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 (70,000 shares authorized, 35,000 shares issued) $6,125,000 Paid-In Capital in Excess of Par-Preferred Stock 1,225,000 Common Stock, $15 par (600,000 shares authorized, 250,000 shares issued) 3,750,000 Paid-In Capital in Excess of Par-Common Stock 490,000 Retained Earnings 24,571,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 36,000 shares of treasury common for $17 per share. b. Sold 18,000 shares of treasury common for $20 per share. C. Issued 18,000 shares of preferred 2% stock at $189. d. Issued 60,000 shares of common stock at $19, receiving cash. e. Sold 12,000 shares of treasury common for $15 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.06 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 b. III C. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. b. C. d. e. f. g