The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year Preferred 1% Stock, 550 par (100,000 shares authorized, 79,500 shares issued) Paid in Capital in Excess of Par-Preferred Stock Common Stock, 53 par (5,000,000 shares authorized 2.450,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Retained Eamings $3,975,000 151,050 7,380,000 1.722.000 34,910,000 During the year the corporation completed a number of transactions affecting the stockholders equily, They are summarized as follows: Issued 521 500 shares of common stock at 59, receiving cash Dosud 3.100 shares of preferred 19 stock at 559. Purchased 51,500 shares of treasury common for $6 per share Sold 18,700 shares of treasury common for 8 per share Sold 4,300 shares of treasury common for $5 per share 1 Declared cash dividends of $0.50 per share on preferred stock and So 08 per share on common stock Paid the cash dividends Jumaline the entries to record the transactions Refer to the Chart of Accounts for exact wording of account titles JOURNAL Scorer 1537224 ACCOUNTING EQUATION BETON DATE Dec 31 Cash POSTS DESIT 1 GEOT tory 4693.500.00 Common Stock 5.000.000.00 Painopatices of a common Stock Dec 31sh Peter Stock Pinapon Boss of Red Stock Dec 31 Shoes Star promo of Stock Dec Poock 51010000