The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the current fiscal year: Preferred 1% Stock, $50 par (100,000 shares authorized, 80,000 shares issued)........$4,000,000 Paid-In Capital in Excess of Par-Preferred Stock............175000 Common Stock, $3 par (5,000,000 shares authorized, 2,000,000 shares issued)...........6.000,000 Paid-In Capital in Excess of Par-Common Stock.........1,500,000 Retained Earnings.......2,350,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Issued 500,000 shares of common stock at $8, receiving cash. Issued 10,000 shares of preferred 1% stock at $60. Purchased 50.000 shares of treasury common for $7 per share. Sold 20,000 shares of treasury common for $9 per share. Sold 5,000 shares of treasury common for $6 per share Declared cash dividends of $0.50 per share on preferred stock and $0.08 per share on common stock. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter