Arens Corporation purchased 4,000 shares of its $5 par value common stock for a cash price of $10 per share. Two months later, Arens sold the treasury stock for a cash price of $8 per share. Prepare the journal entry to record the sale of the treasury stock assuming (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) No balance in Paid-in Capital from Treasury Stock. (b) A $3,000 balance in Paid-in Capital from Treasury Stock No. Account Titles and Explanation Debit Credit (a) (b)