54 A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following: (a) Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. (b) Sold 900 shares of treasury stock at $19. (c) Purchased equipment for $90,000, paying $20,000 in cash and issuing 4,000 shares of common stock for the remaining. (d) Sold 450 shares of treasury stock at $14. 8 pts