2. (4 points) On March 1, 2019 Peach Company purchased 2,000 shares of its own common stock for $120 per share. This is the first time Peach has purchased its own stock. 800 of the shares were sold for $130 per share on June 20,2019. 1,200 of the shares were sold on August 5, 2019 for $100 per share. Prepare the necescary joumal entries for each transaction. March 1: June 20: August 5: 3. (6 points) Larry Company's equity structure is as follows: Common Stock, $20 par value, $120 market value 10,000 shares authorized, 6,000 shares issued, 600 shares treasury stock. a) Assume Larry Company issues a 35% stock dividend. What journal entry (if any) would be made to record the transaction? b) Instead, assume Larry Company issues a 3% stock dividend. What journal entry (if any) would be made to record the transaction? c) Now instead, assume Larry Company does a 3 to 1 stock split. What journal entry (if any) would be made to record the transaction? 4. (4-1/2 pts) The following summaries from the income statement and balance sheet of Kouris Company are presented below. Compute the following ratios for 2018 : (a) Current ratio (c) Accounts receivable turnover (b) Acid-test (quick) ratio (e) Days' sales in inventory (d) Inventory turnover (f) Days' sales uncollected