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:

Line Item Description Amount

Preferred $2\%$ Stock, $$100$ par $(70,000$ shares authorized, $35,000$ shares issued$)$ $$3,500,000$

Paid$-$In Capital in Excess of Par$$Preferred Stock $560,000$

Common Stock, $$20$ par $(500,000$ shares authorized, $190,000$ shares issued$)3,800,000$

Paid$-$In Capital in Excess of Par$$Common Stock $490,000$

Retained Earnings $17,702,000$

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

Purchased $30,000$ shares of treasury common for $$21$ per share.

Sold $15,000$ shares of treasury common for $$24$ per share.

Issued $18,000$ shares of preferred $2\%$ stock at $$112.$

Issued $50,000$ shares of common stock at $$25,$ receiving cash.

Sold $10,000$ shares of treasury common for $$19$ per share.

Declared cash dividends of $$2\mathrm{.}00$ per share on preferred stock and $$0\mathrm{.}08$ per share on common stock.

Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

If an amount box does not require an entry, leave it blank.