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

Preferred 1% Stock, $50 par (100,000 shares authorized, 79,400 shares issued)	$3,970,000
Paid-In Capital in Excess of ParPreferred Stock	150,860
Common Stock, $3 par (5,000,000 shares authorized, 2,100,000 shares issued)	6,300,000
Paid-In Capital in Excess of ParCommon Stock	1,260,000
Retained Earnings	33,959,000

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

a.	Issued 518,800 shares of common stock at $7, receiving cash.
b.	Issued 9,800 shares of preferred 1% stock at $61.
c.	Purchased 48,300 shares of treasury common for $7 per share.
d.	Sold 19,500 shares of treasury common for $9 per share.
e.	Sold 5,000 shares of treasury common for $6 per share.
f.	Declared cash dividends of $0.50 per share on preferred stock and $0.08 per share on common stock.
g.	Paid the cash dividends.

Required:

Journalize the entries to record the transactions.