The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 1% Stock, $50 par (100,000 shares authorized, 75,100 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, S3 par (5,000,000 shares authorized, 2,020,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $3,755,000 165,220 6,060,000 1,212,000 35,446,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 519,600 shares of common stock at $8, receiving cash. b. Issued 10,800 shares of preferred 1% stock at $61. c. Purchased 46,400 shares of treasury common for $8 per share. d. Sold 20,800 shares of treasury common for $10 per share. e. Sold 5,600 shares of treasury common for $7 per share. f. Declared cash dividends of $0.50 per share on preferred stock and $0.10 per share on common stock. g. Paid the cash dividends. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles