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

Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued)	$3,750,000
Paid-In Capital in Excess of ParPreferred Stock	750,000
Common Stock, $15 par (700,000 shares authorized, 170,000 shares issued)	2,550,000
Paid-In Capital in Excess of ParCommon Stock	330,000
Retained Earnings	15,646,000

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

a. Issued 70,000 shares of common stock at $19, receiving cash.

b. Issued 13,000 shares of preferred 2% stock at $169.

c. Purchased 42,000 shares of treasury common for $17 per share.

d. Sold 21,000 shares of treasury common for $20 per share.

e. Sold 14,000 shares of treasury common for $15 per share.

f. Declared cash dividends of $3.00 per share on preferred stock and $0.10 per share on common stock.

g. Paid the cash dividends.

d. Sold 21,000 shares of treasury common for $20 per share.

	Cash
	Treasury Stock
	Paid-In Capital from Sale of Treasury Stock

e. Sold 14,000 shares of treasury common for $15 per share.

Cash

Paid-In Capital from Sale of Treasury Stock

Treasury Stock

f. Declared cash dividends of $3 per share on preferred stock and $0.1 per share on common stock.

Cash Dividends

Cash Dividends Payable

g. Paid the cash dividends.

	Cash Dividends Payable
	Cash