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, $175 par (80,000 shares authorized, 40,000 shares issued) $7,000,000 Paid-In Capital in Excess of Par-Preferred Stock 840,000 Common Stock, $15 par 600,000 shares authorized, 190,000 shares issued) 2,850,000 Paid-In Capital in Excess of Par-Common Stock 370,000 Retained Earnings 23,447,000 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 $19, receiving cash. b. Issued 20,000 shares of preferred 2% stock at $193. c. Purchased 36,000 shares of treasury common for $20 per share. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $3.50 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. 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 $19, receiving cash. b. Issued 20,000 shares of preferred 2% stock at $193. C. Purchased 36,000 shares of treasury common for $20 per share.. d. Sold 18,000 shares of treasury common for $23 per share. 100 e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $3.5 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends