On January 1, 2000, Snow Company was authorized to issue 100,000 shares of common stock, par value $\$ 10$ per share and 10,000 shares of 8 percent preferred stock, par value $\$ 20$ per share. Record the following transactions for 2000

a. Issued 70,000 shares of common stock at $\$ 25$ per share.

b. Issued 8,000 shares of preferred stock at $\$ 30$ per share.

c. Reacquired 5,000 shares of common stock at $\$ 20$ per share.

d. Reissued 2,000 shares of treasury stock for $\$ 46,000$.

e. Declared a cash dividend sufficient to meet the current-dividend preference on preferred stock and pay common shareholders $\$ 1$ per share.