The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: $4,500,000 Preferred 2% Stock, $150 par (60,000 shares authorized, 30,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (800,000 shares authorized, 190,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 900,000 3,800,000 490,000 20,543,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 80,000 shares of common stock at $25, receiving cash. b. Issued 15,000 shares of preferred 2% stock at $167. c. Purchased 48,000 shares of treasury common for $23 per share. d. Sold 24,000 shares of treasury common for $26 per share. e. Sold 16,000 shares of treasury common for $21 per share. f. Declared cash dividends of $3.00 per share on preferred stock and $0.06 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 80,000 shares of common stock at $25, receiving cash.