August 22, Lava Lake Inc. sold 2,100 shares at \$51 per share. a. Journalize the transactions of February 11, April 30, and August 22. For a compound transaction, if an amount box does not require an entry, leave it blank. Feedback Vheck My Work and the price the shares are resold for at a later date. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $ c. For what reasons might Lava Lake have purchased the treasury stock? August 22, Lava Lake Inc. sold 2,100 shares at $51 per share. a. Journalize the transactions of February 11, April 30, and August 22. For a compound transaction, if an amount box does not require an entry, leave it blank. rrent year? c. For what reasons might Lava Lake have purchased the treasury stock? August 22, Lava Lake Inc. sold 2,100 shares at \$51 per share. a. Journalize the transactions of February 11 , April 30 , and August 22. For a compound transaction, if an amount box does not require an entry, leave it blank. August 22, Lava Lake Inc. sold 2,100 shares at $51 per share. a. Journalize the transactions of February 11, April 30, and August 22. For a compound transaction, if an amount box does not require an entry, leave it blank. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $ c. For what reasons might Lava Lake have purchased the treasury stock? All of these reasons. For reissuance to employees as a bonus according to stock purchase agreements. To provide shares for resale to employees. To support the market price of the stock