3. Ellison Company's balance sheet reports the following $3,000,000 1,050,000 750,000 Common stock, $20 par Paid-in capital in excess of par Retained earnings Required: Record the following transactions by the cost method. (a) Bought 12,000 shares of its common stock at $29 a share. (b) Sold 6,000 treasury shares at $30 a share. (c) Sold 3,000 shares of treasury stock at $26 a share