The following transactions occurred during 2017:

Feb 3 Issued 2,500 shares of preferred stock for $75 per share (total received $187,500)

Apr 25 Issued 50,000 shares of $1 par value common stock for $15 per share (total received $750,000)

Jun 15 Repurchased 15,000 shares of common stock (TREASURY STOCK) at $10.50 per share (total paid $157,500).

Oct 24 Sold 7,500 shares of treasury stock bought on June 15 for $24 per share (total received $180,000)

Use the financial statement effects template to record these transactions.