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 (90,000 shares authorized, 45,000 shares issued) $4,500,000 Paid-In Capital in Excess of Par-Preferred Stock 720,000 Common Stock, $10 par (800,000 shares authorized, 210,000 shares issued) 2,100,000 Paid-In Capital in Excess of Par-Common Stock 270,000 Retained Earnings 16,091,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 80,000 shares of common stock at $17, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $116. c. Purchased 48,000 shares of treasury common for $15 per share. d. Sold 24,000 shares of treasury common for $18 per share. e. Sold 16,000 shares of treasury common for $13 per share. f. Declared cash dividends of $2.00 per share on preferred stock and $0.10 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 80,000 shares of common stock at $17, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $116. c. Purchased 48,000 shares of treasury common for $15 per share.. d. Sold 24,000 shares of treasury common for $18 per share. e. Sold 16,000 shares of treasury common for $13 per share. f. Declared cash dividends of $2 per share on preferred stock and $0.1 per share on common stock. g. Paid the cash dividends. O