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During the year, the corporation completed a number of transactions affectino the fockolder. equity. They are summarized as foliows: a. Issued 60,000 shares of common stock at $14, receivino cash. b. Issued 8,000 shares of preferred 2% stock at $145. c. Purchased 36,000 shares of treasury common for $14 per share. d. Sold 18,000 shares of treasury common for 517 per share. e. Sold 12,000 shares of treasury common for $12 per share. f. Declared cash dividends of $2.50 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. If an amount box does not require an entry, feave to blank. Dournalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. Issued 60,000 shares of common stock at $14, receiving cash. Feedback Pheck My Work c. Purchased 36,000 shares of treasury common for $14 per share. Feedback Check My Work d. Sold 18,000 shares of treasury common for $17 per share. Feedback Check My Work e. Sold 12,000 shares of treasury common for $12 per share. Declared cash dividends of $2.50 per share on preferred stock and $0.04 per share on common stock. Feedback h. Check My Work g. Paid the cash dividends

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