The following selected accounts appear in the ledger of Parks Construction Inc, at the beginning of the current year: Durng the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 220,000 shares of common stock at $14, receiving cash. b. Issued 12,000 shares of preferred 2% stock at $110. c. Purchased 160,000 shares of treasury common for $10 per share. d. Sold 105,000 shares of treasury common for $16 per share e. Sold 40,000 shares of treasury common for $8 per share. f. Deciared cash dividends of $200 per share on preferred stock and $0.08 per share on common stock 9 Paid the cash dividends Journalze the entnes to record the tramsactions on December 31 Gencral feumint instructrons