ava Lake Inc, bottles and distributes spring water, On February 11 of the current year, Lava Lake reacquired 7,000 shares of its common stock at $91 per sha 0, Lava Lake inc. sold 4,900 of the reacquired shares at $101 per share. On August 22, Lava Lake Inc. sold 2,100 shares at 586 per share, 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 blanh Fet Ap A Fetoback Thea My Won The repurchase of shares, known as treasury stock, is typically recorded using the cost method. When the treasury stock is resold, what is the company receiving? What is it giving up? Keep in mind the price paid to buy the treasury stock and the price the shares are resold for at a later date. b. What is the balance in Pald-In Capital from Sale of Treasury Stock on December 31 of the current year