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, $200 par (60,000 shares authorized, 30,000 shares issued) $6,000,000 Paid-In Capital in Excess of ParPreferred Stock 720,000 Common Stock, $10 par 600,000 shares authorized, 310,000 shares issued) 3,100,000 Paid-In Capital in Excess of Par-Common Stock 400,000 Retained Earnings 21,666,000 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 $17, receiving cash. b. Issued 15,000 shares of preferred 2% stock at $220. C. Purchased 36,000 shares of treasury common for $12 per share. d. Sold 18,000 shares of treasury common for $15 per share. e. Sold 12,000 shares of treasury common for $10 per share. f. Declared cash dividends of $4.00 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 $17, receiving cash. b. Issued 15,000 shares of preferred 2% stock at $220. C. Purchased 36,000 shares of treasury common for $12 per share.. C. Purchased 36,000 shares of treasury common for $12 per share.. d. Sold 18,000 shares of treasury common for $15 per share. e. Sold 12,000 shares of treasury common for $10 per share. f. Declared cash dividends of $4 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends