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The following selected accounts appear in the ledger of Parks Construction Inc, at the beginning of the current year: During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 80,000 shares of common stock at $15, receiving cash. b. Issued 8,000 shares of preferred 2% stock at 590 . c. Purchased 48,000 shares of treasury common for $13 per share. d. Sold 24,000 shares of treasury common for $16 per share. e. Sold 16,000 shares of treasury common for $11 per share. 5. Declared cash dividends of $1.50 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends. Required: Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 80,000 shares of common stock at $15, receivino cash. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 80,000 shares of common stock at $15, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $90. c. Purchased 48,000 shares of treasury common for $13 per share., d. Sold 24,000 shares of treasury common for $16 per share. d. Sold 24,000 shares of treasury common for $16 per share. e. Sold 16,000 shares of treasury common for $11 per share. f. Deciared cash dividends of $1.5 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends

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