8. A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following: (a) Purchased 1,000 shares of treasury stock at $12. The treasury stock is accounted for by the (b) Sold 500 shares of treasury stock at $15 cost method. There were no previous purchases of treasury shares Purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the remaining. Sold 500 shares of treasury stock at SI1. (c) (d)