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 (90,000 shares authorized, 45,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $15 par (700,000 shares authorized, 210,000 shares issued) Paid-In Capital in Excess of Par-Common Stock $2,250,000 450,000 3,150,000 410,000 13,271,000 Retained Earnings 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 $21, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $69. c. Purchased 42,000 shares of treasury common for $18 per share. d. Sold 21,000 shares of treasury common for $21 per share. e. Sold 14,000 shares of treasury common for $16 per share. f. Declared cash dividends of $1.00 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. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 70,000 shares of common stock at $21, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $69. c. Purchased 42,000 shares of treasury common for $18 per share.. d. Sold 21,000 shares of treasury common for $21 per share. 093 e. Sold 14,000 shares of treasury common for $16 per share. f. Declared cash dividends of $1 per share on preferred stock and $0.06 per share on common stock. g. Paid the cash dividends