3. Nusrat Company acquired 16,000 shares of its own common stock at $20 per share on February 5, 2019 and sold 8,000 of these shares at $27 per share on August 9, 2019. The market value of Nusrat's common stock was $24 per share at December 31, 2019, and $25 per share at December 31, 2019. The cost method is used to record treasury stock transactions. Give the journal entry for the August 9, 2019 event. 4. Lynn Co. issued 150,000 shares of $10 par common stock for $1,800,000. Lynn acquired 6,000 shares of its own common stock at $15 per share. Three months later Lynn sold 3,000 of these shares at $19 per share. Record the sale of the 3,000 treasury shares assuming Lynn uses cost method