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 ParPreferred Stock	1,120,000
Common Stock, $10 par (600,000 shares authorized, 330,000 shares issued)	3,300,000
Paid-In Capital in Excess of ParCommon Stock	430,000
Retained Earnings	25,122,000

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

Issued 60,000 shares of common stock at $14, receiving cash.

Issued 20,000 shares of preferred 2% stock at $190.

Purchased 36,000 shares of treasury common for $11 per share.

Sold 18,000 shares of treasury common for $14 per share.

Sold 12,000 shares of treasury common for $9 per share.

Declared cash dividends of $3.50 per share on preferred stock and $0.06 per share on common stock.

Paid 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.