6. Accounting for Treasury Stock (9 points) On 3 May 2020 Titan Company reacquired 1,500,000 of its common shares in the market at $32 per share. The par value per share is $1. On 15 August 2020, Titan sold 800,000 treasury shares at an average price of $35 per share. Titan sold the remaining shares at $27 per share on 30 November 2020. Assume there is no balance in Paid-in Capital from Treasury Stock on 8/15/20. Required - Provide journal entries for these transactions (5/3, 8/15, 11/30) using the cost method of accounting for treasury stock