3. Baird Corporation had 60,000 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 10,000 shares of treasury stock for $16 per share. This is the first transaction involving its own stock ever engaged in by the company.

Jan. 31 Sold 2,000 shares of treasury stock for $15 per share.

Feb. 20 Sold 2,000 shares of treasury stock for $18 per share.

Mar. 16 Sold 2,000 shares of treasury stock for $11 per share.

Apr. 5 Retired 4,000 shares of treasury stock.

May. 8 Purchased 1,000 shares of treasury stock for $12 per share.

May. 31 Retired the 1,000 shares of treasury stock purchased on May 8.