Information from the shareholders' equity footnote for Mendes Manufacturing follows.

Required

Prepare the journal entries for 2017 and 2018 to reflect the treasury stock transactions included in the preceding footnote information.

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Additional Paid in Capital from Treasury Stock Transactions 2018 2017 2016 $ 20,996 $20, 746 250 Balance at January 1 Increase in equity onireasuiy stock sales Decrease in equity on treasuty stock sales $20,032 5,538 714 $ 26,534 $20,746 Balance at December 31 $20 996 Retained Earnings 2018 2016 2017 s82 570 $ 99,823 Balance at January 1 Netearn ngs D vidends $90 851 20,183 18 283 17,000 (10,313 (8,719) 9,311) $99 823 Balance at December 31 $109,693 $90 851 Common Stock Held in Treasury 2017 2016 2018 $ 29,516 Balance at Januaiy 1 $32.299 $31.952 3.421 Purchases 2,270 1,4 12 (3,848) Sales (16.472} (3 768) $ 15,314 Balance at December 31 $29516 $31,952