thing and learning resource from Canguge te Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $175 par (60,000 shares authorized, 30,000 shares issued) $5,250,000 Paid-In Capital in Excess of Par-Preferred Stock 1,050,000 Common Stock, $10 par (600,000 shares authorized, 230,000 shares issued) 2,300,000 Paid-In Capital in excess of Par-Common Stock 300,000 Retained Earnings 18,868,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 36,000 shares of treasury common for $12 per share. b. Sold 18,000 shares of treasury common for $15 per share. c. Issued 15,000 shares of preferred 2% stock at $190. d. Issued 60,000 shares of common stock at $17, receiving cash. e. Sold 12,000 shares of treasury common for $10 per share. 1. Declared cash dividends of $3.50 per share on preferred stock and $0.10 per share on common stock. 9. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. b. III > d. g. Subare