1. Sonora Corporation had 45,000 shares of $5 par value common stock issued and outstanding on December 31, 20x4. Each share was issued during 20x2 at $14 per share. Prepare the entries in journal form without explanations for the following transactions occurring in 20x5:

Jan.	4		Purchased 7,500 shares of treasury stock for $16 per share. This is the first transaction involving its own stock ever engaged in by the company.
	31		Sold 1,500 shares of treasury stock for $15 per share.
Feb.	20		Sold 1,500 shares of treasury stock for $18 per share.
Mar.	16		Sold 1,500 shares of treasury stock for $11 per share.
Apr.	5		Retired 3,000 shares of treasury stock.
May	8		Purchased 750 shares of treasury stock for $12 per share.
	31		Retired the 750 shares of treasury stock purchased on May 8.