The following solected eccounts appoar in the ledget of Parks Construction lnc: at the beginning of the current year: During the year, the corporation completed a number of transactions allecting the stockholders' equily. They ave summarized as follows: a. Issuod 220,000 shares of sommen steck at $14, receiving cash. b. Issued 12,000 shares of prefered 2% stock at $110. c. Purchased 160,000 shares of trensuxx common for $10 per share. d. Sold 105,000 shares of treasury common for $16 per share. e. Sold 40,000 shares of treasury common for $8 per share. 1. Deciared cash diviseods of $2.00 per share on preforred stock and $0.08 per shace on common stock 9. Paid the cash dividends. Required: Joumaltze the entries to record the transactions