The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year: $3,980,000 Preferred 1% Stock, $50 par (100,000 shares authorized, 79,600 shares issued) 159,200 Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $3 par (5,000,000 shares authorized, 1,870,000 shares issued) 5,610,000 Paid-In Capital in Excess of Par-Common Stock 1,215,500 Retained Earnings 31,497,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan Issued 532,900 shares of common stock at $9, receiving cash. 5 Feb. Issued 11,000 shares of preferred 1% stock at $58. 10 Purchased 45,400 shares of treasury stock for $8 per share. Mar. 19 May Sold 21,400 shares of treasury stock for $10 per share. 16 Aug. 25 Sold 4,300 shares of treasury stock for $7 per share. Declared cash dividends of $0.50 per share on preferred stock and $0.07 per share on common stock. Dec. 6 31 Paid the cash dividends. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles