The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year: During the year, the corporation completed a number of transactions aflecting the stockholders' equity. They are summarized as follows: Jan. 5 Issued 532,900 shares of common stock at $9, roceiving cash. Feb. 10 issued 11,000 shares of preferred 1% stock at $58 Jan. 5 Issued 532,900 shares of common stock at $9, receiving cash. Feb. 10 Issued 11,000 shares of preferred 1% stock at $58. Mar. 19 Purchased 45,400 shares of treasury stock for $8 per share. May 16 Sold 21,400 shares of treasury stock for $10 per share. Aug. 25 Sold 4,300 shares of treasury stock for $7 per share. Dec. 6 Declared cash dividends of $0.50 per share on preferred stock and $0.07 per share on common stock. 31 Paid the cash dividends. Joumalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles