# 2. On January 1, 2022, the equity section of Zooba Corporation shows: Share capital-ordinary ($5 par value) $1,500,000; share premium-ordinary $1,000,000; and retained earnings $1,200,000. During the year, the following treasury share transactions occurred. Mar. 1 Purchased 20,000 shares for cash at $15 per share. July 1 Sold 4,000 treasury shares for cash at $18 per share. Sept. 1 Sold 5,000 treasury shares for cash at $14 per share. Instructions (a) (b) Journalize the treasury share transactions. Restate the entry for September 1, assuming the treasury shares were sold at $10 per share.