Selected Stock Transactions The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $175 par (60,000 shares authorized, 30,000 shares issued) $5,250,000 Paid-In Capital in Excess of ParPreferred Stock 630,000 Common Stock, $25 par (600,000 shares authorized, 200,000 shares issued) 5,000,000 Paid-In Capital in Excess of ParCommon Stock 650,000 Retained Earnings 24,444,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Issued 60,000 shares of common stock at $30, receiving cash. Issued 15,000 shares of preferred 2% stock at $194. Purchased 36,000 shares of treasury common for $29 per share. Sold 18,000 shares of treasury common for $32 per share. Sold 12,000 shares of treasury common for $27 per share. Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Question Content Area a. Issued 60,000 shares of common stock at $30, receiving cash. blank - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area b. Issued 15,000 shares of preferred 2% stock at $194. blank - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area c. Purchased 36,000 shares of treasury common for $29 per share. blank - Select - - Select - - Select - - Select - Question Content Area d. Sold 18,000 shares of treasury common for $32 per share. blank - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area e. Sold 12,000 shares of treasury common for $27 per share. blank - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area f. Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock. blank - Select - - Select - - Select - - Select - Question Content Area g. Paid the cash dividends. blank - Select - - Select - - Select - - Select -