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

Preferred1%Stock,$50par(100,000sharesauthorized,83,900sharesissued)$4,195,000Paid-In Capital in Excess ofParPreferred Stock184,580Common Stock, $3 par (5,000,000 shares authorized, 2,120,000 shares issued)6,360,000Paid-In Capital in Excess of ParCommon Stock1,590,000Retained Earnings31,692,000During the year, the corporation completed a number of transactions affecting thestockholders' equity. They are summarized as follows:

a.Issued 467,700 shares ofcommon stockat $9, receiving cash.b.Issued 10,700 shares of preferred 1% stock at $62.c.Purchased 53,000 shares of treasury common for $6 per share.d.Sold 20,000 shares oftreasurycommon for $8 per share.e.Sold 5,200 shares of treasury common for $5 per share.f.Declaredcash dividendsof $0.50 per share on preferred stock and $0.10 per share on common stock.g.Paid the cash dividends.Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.