The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (30,000 shares authorized, 15,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par (700,000 shares authorized, 290,000 shares issued) $3,000,000 360,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 2,900,000 380,000 14,077,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 70,000 shares of common stock at $14, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $213. c. Purchased 42,000 shares of treasury common for $13 per share. d. Sold 21,000 shares of treasury common for $16 per share. e. Sold 14,000 shares of treasury common for $11 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.10 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 70,000 shares of common stock at $14, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $213. c. Purchased 42,000 shares of treasury common for $13 per share.. d. Sold 21,000 shares of treasury common for $16 per share. e. Sold 14,000 shares of treasury common for $11 per share. f. Declared cash dividends of $4 per share on preferred stock and $0.1 per share on common stock. g. Paid the cash dividends