Alger Corporation's balance sheet reported the following: Capital stock outstanding, 5,000 shares, par $30 per share Paid-in capital in excess of par Retained earnings $150,000 80,000 100,000 The following transactions occurred this year: (a) Purchased 400 shares of capital stock to be held as treasury stock, paying $60 per share. (6) Sold 300 of the shares of treasury stock at $65 per share. (c) Sold the remaining shares of treasury stock at $50 per share. Prepare the journal entry for these three transactions under the cost method of accounting for treasury stock