A company reported the following stockholders equity on January 1 of the current year:

Common stock$10 par value, 1,000,000 shares authorized; 254,000 shares issued	$ 2,540,000
Paid-in capital in excess of par value, common stock	1,264,000
Retained earnings	1,679,000
Total stockholders equity	$ 5,483,000

Prepare journal entries for the following selected transactions.

March 1	Purchased 10,400 shares of its own stock for $18 cash per share.
May 5	Sold 4,400 shares of its treasury stock for $18 cash per share.
October 12	Sold 2,400 shares of its treasury stock for $19 cash per share.