The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year:

Preferred 2% Stock, $75 par (100,000 shares authorized, 80,000 shares issued)	$6,000,000
Paid-In Capital in Excess of ParPreferred Stock	420,000
Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued)	24,000,000
Paid-In Capital in Excess of ParCommon Stock	1,850,000
Retained Earnings	115,400,000

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

Jan.	5	Issued 400,000 shares of common stock at $11, receiving cash.
Feb.	10	Issued 5,000 shares of preferred 2% stock at $90.
Mar.	19	Purchased 150,000 shares of treasury common for $10 per share.
May	16	Sold 80,000 shares of treasury common for $13 per share.
Aug.	25	Sold 20,000 shares of treasury common for $9 per share.
Dec.	6	Declared cash dividends of $1.50 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.