Selected Stock Transactions The following selected accounts appear in the ledger of Upscale Construction Inc, 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. Issued 80,000 shares of common stock at $31, receiving cash. b. Issued 15,000 shares of preferred 2% stock at $141. c. Purchased 48,000 shares of treasury common for $26 per share. d. Sold 24,000 shares of treasury common for $29 per share. e. Sold 16,000 shares of treasury common for $24 per share. f. Deciared casir dividends of $2.50 per share on preferred stock and $0.06 per share on 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. a. Issued 80,000 shares of common stock at $31, recelving cash. a. Issued 80,000 shares of common stock at $31, recelving cash. b. Issued 15,000 shares of preferred 2% stock at $141. C. Purchased 48,000 shares of treasury common for $26 per share. d. Sold 24,000 shares of treasury common for $29 per share. d. Sold 24,000 shares of treasury common for $29 per share. e. Sold 16,000 shares of treasury common for $24 per share. f. Declared cash dividends of $2.50 per share on preferred stock and $0.06 per share on common stock. 9. Paid the cash dividends