A. On January 10, 2021 Scott Corporation issued 2,000 shares of its $10 par value common stock for $15 per share. Scott also incurred $2,000 of stock issuance costs on this date. On August 31, 2021, Scott Corporation repurchased 100 shares common stock at $42 per share. On October 1, 2021 Scott reissued 20 of these shares at $44 per share and on December 30, 2021 Scott reissued 80 more of these shares at $40 per share. Prior to the repurchase Scott's balance sheet reported a normal balance in retained earnings of $10,000. REQUIRED: Scott accounts for treasury stock using the cost method. Prepare the journal entries needed on: January 10, 2021: Original issuance of 2000 shares @$15 per share. (1.5 pts) Dr Cash 30,000 August 31, 2021: Repurchase of 100 shares @ $42.00 per share. (1 pt) October 1, 2021 reissuance of 20 shares at $44.00 per share (1.5 pts) December 30, 2021: Reissue of 80 shares @ $40.00 per share. (2 pts) Determine Scott's ending retained earning balance on December 31, 2021 (1 pt) Use the "T" account below. Retained Earnings