1. (15) Ellison Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $3,000,000 1,050,000 750,000 Instructions Record the following treasury stock transactions by the cost method. (a) Bought 6,000 shares of its common stock at $28 a share. (b) Sold 3,000 treasury shares at $30 a share. (c) Sold 1,500 shares of treasury stock at $22 a share. dept Trea Sur S teck -cash