Selected Stock Transactions The following selected accounts appear in the ledger of Patton Environmental Inc. on July 1, 2014, the beginning of the current fiscal year Preferred 2% Stock, $100 par 50,000 shares authorized, 25,000 shares issued $2,500,000 Paid-In Capital in Excess of Par-Preferred Stock 500,000 2,900,000 Common Stock, $10 par 700,000 shares authorized 290,000 shares issued) Paid-In Capital in Excess of Par-Common Stock 380,000 Retained Earnings 13,314,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity They are summarized as follows: a. Issued 70,000 shares of common stock at $16, receiving cash. b. Issued 13,000 shares of preferred 2% stock at $115. c. Purchased 42,000 shares of treasury common for $588,000. d. Sold 21,000 shares of treasury common for $357,000. e. Sold 14,000 shares of treasury common for $168,000. f. Declared cash dividends of $2.00 per share on preferred stock and $0.10 per share on common stock g. Paid the cash dividends. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank