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, $75 par (80,000 shares authorized, 40,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (600,000 shares authorized, 240,000 shares issued) $3,000,000 480,000 4,800,000 620,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 18,868,000 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 $25, receiving cash. b. Issued 20,000 shares of preferred 2% stock at $94. c. Purchased 36,000 shares of treasury common for $23 per share. d. Sold 18,000 shares of treasury common for $26 per share. e. Sold 12,000 shares of treasury common for $21 per share. f. Declared cash dividends of $1.50 per share on preferred stock and $0.04 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. Issued 60.000 shares of common stock at $25. receiving cash.