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

Preferred $1\%$ Stock, $$50$ par $(100,000$ shares authorized, $79,500$ shares issued$)$ $$3,975,000$

Paid$-$In Capital in Excess of Par$$Preferred Stock $151,050$

Common Stock, $$3$ par $(5,000,000$ shares authorized, $2,460,000$ shares issued$)7,380,000$

Paid$-$In Capital in Excess of Par$$Common Stock $1,722,000$

Retained Earnings $34,910,000$

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

a$.$ Issued $521,500$ shares of common stock at $$9,$ receiving cash.

b$.$ Issued $9,100$ shares of preferred $1\%$ stock at $$59.$

c$.$ Purchased $51,600$ shares of treasury common for $$6$ per share.

d$.$ Sold $18,700$ shares of treasury common for $$8$ per share.

e$.$ Sold $4,800$ shares of treasury common for $$5$ per share.

f$.$ Declared cash dividends of $$0\mathrm{.}50$ per share on preferred stock and $$0\mathrm{.}06$ per share on common stock.

g$.$ Paid the cash dividends.

Required:

Journalize the entries to record the transactions.