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, 79,500 shares issued)	$3,975,000
Paid-In Capital in Excess of ParPreferred Stock	151,050
Common Stock, $3 par (5,000,000 shares authorized, 2,460,000 shares issued)	7,380,000
Paid-In Capital in Excess of ParCommon Stock	1,722,000
Retained Earnings	34,910,000

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

Jan.	5	Issued 521,500 shares of common stock at $9, receiving cash.
Feb.	10	Issued 9,100 shares of preferred 1% stock at $59.
Mar.	19	Purchased 51,600 shares of treasury common for $6 per share.
May	16	Sold 18,700 shares of treasury common for $8 per share.
Aug.	25	Sold 4,800 shares of treasury common for $5 per share.
Dec.	6	Declared cash dividends of $0.50 per share on preferred stock and $0.06 per share on common stock.
	31	Paid the cash dividends.

Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.