Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $150 par (90,000 shares authorized, 45,000 shares issued) $6,750,000 Paid-In Capital in Excess of Par-Preferred Stock 1,080,000 Common Stock, $20 par (500,000 shares authorized, 280,000 shares issued) 5,600,000 Paid-In Capital in Excess of Par-Common Stock 730,000 Retained Earnings 30,019,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $26, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $163. c. Purchased 30,000 shares of treasury common for $23 per share. d. Sold 15,000 shares of treasury common for $26 per share. e. Sold 10,000 shares of treasury common for $21 per share. f. Declared cash dividends of $3.00 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends. Required: Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 50,000 shares of common stock at $26, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $163. c. Purchased 30,000 shares of treasury common for $23 per share.. d. Sold 15,000 shares of treasury common for $26 per share. e. Sold 10,000 shares of treasury common for $21 per share. f. Declared cash dividends of $3 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends