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.

Journalize the entries to record the transactions.