The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year:

Preferred 2% Stock, $200 par (90,000 shares authorized, 45,000 shares issued)	$9,000,000
Paid-In Capital in Excess of ParPreferred Stock	1,800,000
Common Stock, $15 par (600,000 shares authorized, 230,000 shares issued)	3,450,000
Paid-In Capital in Excess of ParCommon Stock	450,000
Retained Earnings	31,164,000

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

1. Issued 60,000 shares of common stock at $18, receiving cash.
2. Issued 23,000 shares of preferred 2% stock at $217.
3. Purchased 36,000 shares of treasury common for $18 per share.
4. Sold 18,000 shares of treasury common for $21 per share.
5. Sold 12,000 shares of treasury common for $16 per share.
6. Declared cash dividends of $4.00 per share on preferred stock and $0.08 per share on common stock.
7. Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.