The following selected accounts appear in the ledger of Okie Environmental Corporation on August 1, 2010, the beginning of the current fiscal year:

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:(a) Issued 17,500 shares of common stock at $81, receiving cash.(b) Issued 8,000 shares of preferred 2% stock at $63.(c) Purchased 5,000 shares of treasury common for $390,000.(d) Sold 3,000 shares of treasury common for $240,000.(e) Sold 1,000 shares of treasury common for $75,000.(f) Declared cash dividends of $1 per share on preferred stock and $0.80 per share on common stock.(g) Paid the cash dividends.InstructionsJournalize the entries to record the transactions. Identify each entry byletter.

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Preferred 2% Stock, $50 par (40,000 shares authorized, 20,000 shares issued)... Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $75 par (100,000 shares authorized, 40,000 shares issued)..... Paid-In Capital in Excess of Par-Common Stock Retained Earnings $1,000,000 3,000,000 150,000 8,170,000