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

Preferred 2% Stock, $75 par (100,000 shares authorized, 80,000 shares issued)$6,000,000Paid-In Capital in Excess of ParPreferred Stock420,000Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued)24,000,000Paid-In Capital in Excess of ParCommon Stock1,850,000Retained Earnings115,400,000During the year, the corporation completed a number of transactions affecting thestockholders' equity. They are summarized as follows:

Jan.5Issued 400,000 shares ofcommon stockat $11, receiving cash.Feb.10Issued 5,000 shares of preferred 2% stock at $90.Mar.19Purchased 150,000 shares of treasury stock for $10 per share.May16Sold 80,000 shares of treasury stock for $13 per share.Aug.25Sold 20,000 shares of treasury stock for $9 per share.Dec.6Declared cash dividends of $1.50 per share on preferred stock and $0.06 per share on common stock.31Paid the cash dividends.Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.