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

Preferred 2% Stock, $50 par (90,000 shares authorized, 45,000 shares issued)$2,250,000Paid-In Capital in Excess of ParPreferred Stock360,000Common Stock, $10 par (500,000 shares authorized, 180,000 shares issued)1,800,000Paid-In Capital in Excess of ParCommon Stock230,000Retained Earnings9,837,000

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

a. Issued 50,000 shares of common stock at $13, receiving cash.

b. Issued 23,000 shares of preferred 2% stock at $68.

c. Purchased 30,000 shares of treasury common for $14 per share.

d. Sold 15,000 shares of treasury common for $17 per share.

e. Sold 10,000 shares of treasury common for $12 per share.

f. Declared cash dividends of $1.00 per share on preferred stock and $0.08 per share on common stock.

g. Paid the cash dividends.

f.Declared cashdividendsof $1 per share onpreferred stockand $0.08 per share on common stock.

Cash Dividends ______________________

Cash Dividends Payable______________________