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

Preferred 2% Stock, $175par(60,000 shares authorized, 30,000 shares issued) $5,250,000

Paid-In Capital in Excess of ParPreferred Stock 630,000

Common Stock, $20 par (800,000 shares authorized, 300,000 shares issued) 6,000,000

Paid-In Capital in Excess of ParCommon Stock 780,000

Retained Earnings26,839,000

a.Issued 80,000 shares ofcommon stockat $27, receiving cash.

Cash

Common Stock

Paid-In Capital in Excess of Par-Common Stock

b.Issued 15,000 shares of preferred 2% stock at $193.

Cash

Preferred Stock

Paid-In Capital in Excess of Par-Preferred Stock

c.Purchased 48,000 shares of treasury common for $21 per share.

Treasury Stock

Cash

d.Sold 24,000 shares of treasury common for $24 per share.

Cash

Treasury Stock

Paid-In Capital from Sale of Treasury Stock

e.Sold 16,000 shares of treasury common for $19 per share.

Cash

Paid-In Capital from Sale of Treasury Stock

Treasury Stock

f.Declared cashdividendsof $3.50 per share onpreferred stockand $0.04 per share on common stock.

Cash Dividends

Cash Dividends Payable

g.Paid thecash dividends.

Cash Dividends Payable

Cash