The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year: Preferred 1% Stock, $50 par (100,000 shares authorized, 75,100 shares issued) $3,755,000 Paid-In Capital in Excess of ParPreferred Stock 165,220 Common Stock, $3 par (5,000,000 shares authorized, 2,020,000 shares issued) 6,060,000 Paid-In Capital in Excess of ParCommon Stock 1,212,000 Retained Earnings 35,446,000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: Jan. 5 Issued 519,600 shares of common stock at $8, receiving cash. Feb. 10 Issued 10,800 shares of preferred 1% stock at $61. Mar. 19 Purchased 46,400 shares of treasury stock for $8 per share. May 16 Sold 20,800 shares of treasury stock for $10 per share. Aug. 25 Sold 5,600 shares of treasury stock for $7 per share. Dec. 6 Declared cash dividends of $0.50 per share on preferred stock and $0.10 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.