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 200,000 Common Stock, $20 par (600,000 shares authorized, 240,000 shares issued) 4,800,000 Paid-In Capital in Excess of Par-Common Stock 620,000 Retained Earnings 14,034,000 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 $26, receiving cash. b. Issued 10,000 shares of preferred 2% stock at $62 c. Purchased 36,000 shares of treasury common for $25 per share. d. Sold 18,000 shares of treasury common for $28 per share. e. Sold 12,000 shares of treasury common for $23 per share. f. Declared cash dividends of $1.00 per share on preferred stock and $0.08 per share on common stock. g. Paid the cash dividends. Required: Joumalize the entries to record the transactions For a compound transaction, if an amount box does not require an entry, leave it blank