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, $125 par (70,000 shares authorized, 35,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $15 par (600,000 shares authorized, 260,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $4,375,000 525,000 3,900,000 510,000 19,737,000 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 $21, receiving cash. b. Issued 18,000 shares of preferred 2% stock at $142. c. Purchased 36,000 shares of treasury common for $18 per share. d. Sold 18,000 shares of treasury common for $21 per share. e. Sold 12,000 shares of treasury common for $16 per share. f. Declared cash dividends of $2.50 per share on preferred stock and $0.08 per share on common stock. 0. 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 60,000 shares of common stock at $21, receiving cash.