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: 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 $23 per share. b. Sold 24,000 shares of treasury common for $26 per share. c. Issued 20,000 shares of preferred 2% stock at $194. d. Issued 80,000 shares of common stock at $26, receiving cash. e. Sold 16,000 shares of treasury common for $21 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.10 per share on common stock. g. Paid the cash dividends