$5$Elroy Corporation repurchased $3,600$ shares of its own stock for $$45$ per share. The stock has a par of $$5$ per share. A month later,

Elroy resold $900$ shares of the treasury stock for $$53$ per share.

Required

a$.$ Record the two events in general journal format.

b$.$ What is the balance of the treasury stock account after these transactions?