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, $50 par (40,000 shares authorized, 20,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par (700,000 shares authorized, 300,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $1,000,000 160,000 3,000,000 390,000 9,646,000 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 $15, receiving cash. b. Issued 10,000 shares of preferred 2% stock at $68. c. Purchased 42,000 shares of treasury common for $11 per share. d. Sold 21,000 shares of treasury common for $14 per share. e. Sold 14,000 shares of treasury common for $9 per share. f. Declared cash dividends of $1.00 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.