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, $50 par (40,000 shares authorized, 20,000 shares issued) $1,000,000 Paid-In Capital in Excess of Par-Preferred Stock 160,000 Common Stock, $15 par (600,000 shares authorized, 200,000 shares issued) 3,000,000 Paid-In Capital in Excess of Par-Common Stock 390,000 Retained Earnings 9,646,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 60,000 shares of common stock at $19, receiving cash. b. Issued 10,000 shares of preferred 2% stock at $69. c. Purchased 36,000 shares of treasury common for $20 per share. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $1.00 per share on preferred stock and $0.10 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 blank. a. Issued 60,000 shares of common stock at $19, receiving cash. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 60,000 shares of common stock at $19, receiving cash. b. Issued 10,000 shares of preferred 2% stock at $69. C. Purchased 36,000 shares of treasury common for $20 per share.. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. C. Purchased 36,000 shares of treasury common for $20 per share.. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $1 per share on preferred stock and $0.1 per share on common stock. g. Paid the cash dividends