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

Preferred 2% Stock, $80 par (200,000 shares authorized, 65,000 shares issued)	$5,200,000
Paid-In Capital in Excess of ParPreferred Stock	360,000
Common Stock, $12 par (3,000,000 shares authorized, 1,400,000 shares issued)	16,800,000
Paid-In Capital in Excess of ParCommon Stock	1,290,000
Retained Earnings	110,900,000

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

Jan.	5	Issued 220,000 shares of common stock at $15, receiving cash.
Feb.	10	Issued 6,000 shares of preferred 2% stock at $94.
Mar.	19	Purchased 130,000 shares of treasury common for $19 per share.
May	16	Sold 70,000 shares of treasury common for $23 per share.
Aug.	25	Sold 40,000 shares of treasury common for $17 per share.
Dec.	6	Declared cash dividends of $1.60 per share on preferred stock and $0.14 per share on common stock.
	31	Paid the cash dividends.

Required:

Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.