2)On January 1, 2020, the equity section of Lopez 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. Purchased 30,000 shares for cash at $14 per share. July 1 Sold 6,000 treasury shares for cash at $17 per share. Sept. | Sold 5,000 treasury shares for cash at $13 per share. Instructions (a) Journalize the treasury share transactions. (b) Restate the entry for September 1, assuming the treasury shares were sold at $10 per share.