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, 83,900 shares issued) Paid-In Capital in Excess of Par-Preferred Stock $4,195,000 184,580 Common Stock, $3 par (5,000,000 shares authorized, 2,120,000 shares issued) 6,360,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 1,590,000 31,692,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan. 5 Issued 467,700 shares of common stock at $9, receiving cash. Feb. 10 Issued 10,700 shares of preferred 1% stock at $62. Mar. 19 Purchased 53,000 shares of treasury common for $6 per share. May 16 Sold 20,000 shares of treasury common for $8 per share. Aug. 25 Sold 5,200 shares of treasury common for $5 per share. Dec. 6 31 Declared cash dividends of $0.50 per share on preferred stock and $0.10 per share on common stock. Paid the cash dividends. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.