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Question 24 4 points Save Answer Before James Corporation ongages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balance (par value of its stock is $10 per share) Common Stock $ 200,000 Paid in Capital in Excess of Par $330.000 Retained Earnings $200.000 All transactions are given blow 1 On Jan 2, bought 300 shares of treasure stock at $20 per share. 2 On Feb 10 bought 200 shares of treasure stock at $25 per share 3 On Mar 3, bought 200 shares of treasure stock at $30 per share 4. On Apr 8, sold 350 shares of treasury stock at $22 por share 5. On May 20, sold 200 shares of treasury stock at 18 per share 6 On Jun 15, 100 shares of treasure stock were exchanged for a piece of land that had a book value of 1.500 James's stock is actively traded and had a market price of $20 on June 15 7 On Jun 30, declared 30% stock dividend payout is scheduled in July for common stockholders Stock price is $25 on June 30. Instruction (1) record the above transactions in journal entries (using the FIFO method for purchase-sale purpose) (2) prepare and present the balance sheet (equity part) as of June 30 (assuming there is no other transaction except for the ones listed)