The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: During the yeas, the corporation completed a number of transactions atfocting the slockholders' equity. They are summarized as follows. a. Issued 200,000 shares of commen stock at $12, receiving cash. b. Issued 8,000 shares of preterred 2% stock at $115. c. Purchased 175,000 shares of treasury commen for $10 per share. d. Sold 110,000 shares of treasury comenon for $14 per share. 4. Sold 30,000 shares of treasury common for $8 per share. 1. Declared cash dividends of $1.25 per shate on preferred stock and $0.08 per share on common stock: 9. Paid the cash dividends. CHART OF ACCOUNTS Parks Construction Inc. Chart of Accounts Th LLABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 241 Salaries Payable 710 Interest Expense 261 Mortgage Note Payable Du EQUITY 236 Stock Dividends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-in Capital in Excoss of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Joumalize the entries to record the transactions on December 31 . Refer to the Chart of Acoounts for exact wording of account tifles. Alf transactions on this poge must be entered (except for post ref(s)) before you will receive Check My Work feedback