The following selected accounts appear in the ledger of Parks Construction inc. at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders equily. They are surmmarized as follows: a. Issued 532,900 shares of common stock at $9, receiving cash. b. Issued 11,000 shares of preferred 1% stock at $58. CHART OF ACCOUNTS Parks Construction Inc. General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Inventory REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold The.following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: During the year, the corporation completed a number of transactions aflecting the stockholders' equily. They are summarized as follows: a. Issued 532,900 shares of common stock at \$9, receiving cash. b. Issued 11,000 shares of prelerred 1% stock at $58. General Ledaer Ins Chart of Accounts 410 Auvuris rayaine Th 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 241 Salaries Payable 710 interest Expense 261 Mortgage Note Payable EQUITY 236 Stock Dividends Distributable Du 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Joumalize the entries to record the transactions on December 31