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, $3 par (5,000,000 shares authorized, 1,690,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $3,755,000 165,220 5,070,000 1,014,000 30,836,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 454,700 shares of common stock at $8, receiving cash. b. Issued 11,800 shares of preferred 1% stock at $61. c. Purchased 46,500 shares of treasury common for $8 per share. d. Sold 20,700 shares of treasury common for $10 per share. e. Sold 5,700 shares of treasury common for $7 per share. 1. Declared cash dividends of $0.50 per share on preferred stock and $0.10 per share on common stock.

The following selected accounts appear in the ledger of Parks Construction inc. at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders' equily. They are summarized as follows: a. issued 454,700 shares of cemmon stock at $8, receiving cash. b. Issued 11,800 sharesjof preferred 1% stock at $61. c. Purchased 46,500 shares of treasury common for $8 per share. d. Sold 20,700 shares of treasury common for $10 per share. e. Sold 5,700 shares of treasury common for $7 per share. 1. Declared cash dividends of $0.50 per share on preferred stock and $0,10 per share on common stock. a. Issued 454,700 shares of common stock at SS, receiving cash. b. lssued 11,800 shares of pretecred 1% stock at $61. c. Purchased 46,500 shares of treasury common for $8 per share. d. Sold 20,700 shares of treasury common for $10 per shave. e. Sold 5,700 shares of treasury common for $7 per share. 1. Declared cash divident of 50.50 per share on preferted stock and 50.10 per share on comnon stock. 9. Paid the cash dividends