2. The December 31, 2014 balance sheet of KAP Company included the following: Ordinary share, 20,000,000 shares at $1 par $20,000,000 Additional issued capital $100,000,000 Retained Earnings $115,000,000 KAP completed the following transactions in 2014 relating to retired share: March 17: Reacquired 2 million shares at $4 per share. May 17: Reacquired 3 million shares at $9 per share. August 10: Issued 4 million shares at $12 per share. Required: [3 marks] a. Prepare the journal entry for each of the above transactions