Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in illinals. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 29 Stack, $150 par (70,000 shares authorized, 35,000 shares issued) $5,250,000 Paid-in Capital in Excess of Par-Preferred Stack 840,000 Common Stock, $15 par (500,000 shares authorized, 280,000 shares issued) 4,200,000 Paid In Capital in excess of Par-Common Stock 550,000 Retained Earnings 22,981.000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 30,000 shares of treasury common for $18 per share. Sold 15,000 shares of treasury common for $21 per share. C. Issued 18,000 shares or preferred 2% stock at $166. d. Issued 50,000 shares of common stock at $22, receiving cash. e. Sold 10,000 shares of treasury common for $16 per share. 1. Declared cash dividends of $3.00 per share on preferred stock and $0.08 per share 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. III III III III III III III LIT