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

Preferred $1\%$ Stock, $$50$ par $(100,000$ shares authorized, $75,100$ shares issued$)$ $$3,755,000$

Paid$-$In Capital in Excess of Par$$Preferred Stock $165,220$

Common Stock, $$3$ par $(5,000,000$ shares authorized, $2,020,000$ shares issued$)6,060,000$

Paid$-$In Capital in Excess of Par$$Common Stock $1,212,000$

Retained Earnings $35,446,000$

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

a$.$ Issued $519,600$ shares of common stock at $$8,$ receiving cash.

b$.$ Issued $10,800$ shares of preferred $1\%$ stock at $$61.$

c$.$ Purchased $46,400$ shares of treasury common for $$8$ per share.

d$.$ Sold $20,800$ shares of treasury common for $$10$ per share.

e$.$ Sold $5,600$ shares of treasury common for $$7$ per share.

f$.$ Declared cash dividends of $$0\mathrm{.}50$ per share on preferred stock and $$0\mathrm{.}10$ per share on common stock.

g$.$ Paid the cash dividends.

Required:

Journalize the entries to record the transactions.