A Company reported the following stockholders equity on January1 of the current

A Company reported the following stockholders equity on January1 of the current year.Common stock $10 par 1000000 sharesauthorized 400000 shares issued $4000000paid-in capital in excess of par common 12000000retained earnings 1600000total stockholders equity $6800000prepare journal entries for the following selected transactionsrelated to this companys stock during the current yearMar 1 purchased 10000 shares of treasury stock for $17 pershare.May 5 Sold 4000 shares of treasury stock for $16 per share.Oct 12 Sold 2000 shares of treasury stock for $18 per share.