A company reported the following stockholders' equity on January 1 of the current year: Common stock-$10 par value, 1,000,000 shares authorized; 268,000 shares issued Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Prepare journal entries for the following selected transactions. March 1 May 5 $ 2,680,000 1,278,000 1,693,000 $ 5,651,000 Purchased 11,800 shares of its own stock for $23 cash per share. Sold 5,800 shares of its treasury stock for $23 cash per share. October 12 Sold 3,800 shares of its treasury stock for $24 cash per share.