The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $100 par (100,000 shares authorized, 80,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $5 par (5,000,000 shares authorized, 4.000.000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $8,000,000 440,000 20,000,000 2,280,000 115,400,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows a. Issued 200,000 shares of common stock at $12, receiving cash. b. Issued 8.000 shares of preferred 2% stock at $115. c. Purchased 175,000 shares of treasury common for $10 per share. d. Sold 110,000 shares of treasury common for $14 per share. e. Sold 30,000 shares of treasury common for $8 per share. 1. Declared cash dividends of $1.25 per share on preferred stock and $0.08 per share on common stock. 9. Paid the cash dividends. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account Mes. JOURNAL Score: 184/224 ACCOUNTING EQUATION POST R CREDIT E TSBUTIESQUITY ENT 2,400,000.00 2005 200.00 Paid In Capital in Excess of Par Connon Stock Carmen Stack 1.405.100.00 920000 250 000.00 Preferred Stock Pain Capital in Excess of Pur Preferred Stock Treasury Stock 23000000 1.750.000 DO Cash U50.000.00 1.500.000 120 000.00 Treasury Stock Paid in Capital from Sale of Treasury Suck DO 240.000.00 115000000 Treasury Stock Paid in Capital from Sale of Treasury Stock Cash Dividends 1150.000.00 1.150.000.00 Cash Dividends Payable 110.000.00 Cash Dividends Payable 115,000.00