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, $100 par (80,000 shares authorized, 40,000 shares issued) $4,000,000 Paid-In Capital in Excess of Par-Preferred Stock 640,000 Common Stock, $10 par (600,000 shares authorized, 330,000 shares issued) 3,300,000 Pald-In Capital in Excess of Par-Common Stock 430,000 Retained Earnings 17,744,000 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 $14, receiving cash. b. Issued 20,000 shares of preferred 2% stock at $120. c. Purchased 36,000 shares of treasury common for $15 per share. d. Sold 18,000 shares of treasury common for $18 per share. e. Sold 12,000 shares of treasury common for $13 per share. t. Declared cash dividends of $2.00 per share on preferred stock and $0.06 per share on common stock. 9. Pald the cash dividends. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank