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A company has 200,000 shares of no-par stock outstanding and a total market capitalization of $2,800,000. The company decides to use its excess cash to

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A company has 200,000 shares of no-par stock outstanding and a total market capitalization of $2,800,000. The company decides to use its excess cash to repurchase 20,000 shares of stock. a. (6 points) Record the JE for the share repurchase: b. (6 points) The company later decides to reissue 10,000 of those shares when the price is $18. Record the JE

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