3) The Magic Flute Company provides the following information from the Stockholders Equity section of the balance sheet on Stock, $1 par value, 200,000 shares issued and outstanding $20 dditional Paid-in Capital in Excess of ParCommon ,400,00 Retained Earnings Total Stockholders' Equity Magic Flute had the following transactions related to treasury shares: January 1 Acquired 30,000 shares of its common stock for $12 per share March 1 Sold 5,000 treasury shares for $16 April 1 Sold 5,000 treasury shares for $6 Prepare Answer the necessary journal entries to record all treasury stock transactions. Jan 1 ar 1 Apr 1