ABC's Corporation charter authorized 120,000 shares of common stock, par $10. During the first year, 25,000 shares were sold and issued at $18 per share. In addition, 800 shares were subscribed for at the same price. One half of the subscription price was collected during the year. At the end of the first year, reported net income was 22,000 and cash dividends of 6,000 were declared and paid. At year end, liabilities amounted to 25,000. On the last day of the year, 100 shares of stock were purchased from a disgruntled stockholder at $22 per share (assume the cost method).

Record the following transactions which occurred during the following year.

A) 55 treasury shares were sold for $27 each

B) 45 the remaining treasury shares were sold for $15 each

Please show work